Murrells Inlet, SC

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🏡 Murrells Inlet Real Estate Market Snapshot
South Strand | Grand Strand | May 2026
Prepared by Joe Foster, REALTOR®

Murrells Inlet remains one of the Grand Strand’s more distinctive coastal markets, anchored by the MarshWalk, salt marshes, creek and waterway access, established neighborhoods, condos, townhomes, and lifestyle-focused properties.

📍 Market Overview
Based on the May 2026 Grand Strand Market Analysis Report, Murrells Inlet looks buyer-leaning overall, mainly because inventory is elevated and buyers have more room to compare options.

The median sold price was $567,500, while homes sold at about 97.0% of list price. Months of inventory reached 8.06, up 18.7% month over month, which gives buyers more leverage than in tighter markets.

📊 Key Takeaways — At a Glance

Home prices: Median sold price was $567,500.
Inventory: 8.06 months of supply, up 18.7% month over month.
Buyer behavior: Homes sold at about 97.0% of list price, so negotiation is common.
Market pace: Sold homes had a median of 40 days in RPR. Active listings showed a median of 72 days in RPR.
Active listings: There were 145 active listings at month-end.
New listings: 43 new listings came on the market in May.
Closed sales: 34 properties sold in May.

In plain terms:
➡️ Buyers have choices
➡️ Sellers still can succeed, but pricing has to be sharp
➡️ Strong listings can still move
➡️ Lifestyle, location, insurance, HOA costs, and total monthly payment matter

💡 What This Means for You

Thinking of selling?
Murrells Inlet can still support strong sales, but this is not a market where every listing gets a free pass. Buyers are comparing price, condition, location, views, HOA costs, insurance, maintenance, and total ownership cost. If the value story is not clear, buyers have other options.

Thinking of buying?
This is a market where patience and due diligence can help. Buyers may have room to negotiate, especially on properties that have been sitting or where carrying costs are high. Still, the right property can move quickly, so the goal is smart action, not hesitation.

Watching values?
The median estimated property value was $521,440, up 0.9% from last month and 1.2% over 12 months. Median sold price is higher than a year ago, but the market is still property-specific. Murrells Inlet needs a closer look by neighborhood, property type, condition, and water or marsh proximity.

📄 Want the Details?
This summary is based on the full Murrells Inlet Grand Strand Market Analysis Report dated 6/7/2026, using May 2026 data. It updates the existing Murrells Inlet local guidance page, which was based on February 2026 data and described the area as balanced but buyer-friendly.

🤝 Let’s Talk Strategy
Whether you’re buying, selling, or just tracking the market, context matters. Murrells Inlet is not one single market. Marsh-area homes, water-adjacent condos, newer inland neighborhoods, golf-area properties, townhomes, manufactured homes, and luxury listings can all behave differently.

Joe Foster, REALTOR®

📞 (843) 419-7171
📧 mail@joefosterjr.com

⚠️ Important Notes & Disclosures
This summary is for informational purposes only and is not an appraisal or guarantee of value.
Data is sourced from Realtors Property Resource® (RPR), MLS, and public records; information is not guaranteed.
Market statistics reflect all residential property types and may not include all transactions.
Market conditions can change rapidly and vary by property and location.
Equal Housing Opportunity.