Myrtle Beach SC Market Report -- Current Conditions

The median sale price in Myrtle Beach, South Carolina over the last 12 months is $302,000, down 5.6% year over year. There are currently 4,396 active listings on the market, with a current active median list price of $257,950. Homes are averaging 105 days on market and selling at 100.8% of list price, based on 6,627 closed sales in the trailing 12 months.

Price Trends

Myrtle Beach's median sale price over the trailing 12 months stands at $302,000, a decline of 5.6% compared to the same period a year ago. This downward shift suggests the market has softened somewhat from prior price levels. Notably, the current active median list price of $257,950 sits below the trailing 12-month median sale price, which may reflect a shift in the mix of homes currently listed for sale compared to those that have recently closed.

• Trailing 12-month median sale price: $302,000

• Year-over-year change: down 5.6%

• Current active median list price: $257,950

Inventory and Demand

Myrtle Beach currently has 4,396 active listings, giving buyers a substantial pool of homes to consider. Despite this level of supply, homes are still selling close to asking price, with an average sale-to-list ratio of 100.8%. At the same time, the average 105 days on market for active listings indicates that homes are taking longer to sell, pointing to a market where buyers have more time to evaluate options before committing.

• 4,396 active listings currently on the market

• Average 105 days on market for active listings

• Homes selling at an average of 100.8% of list price

• 6,627 closed sales recorded in the trailing 12 months

Buyer and Seller Takeaway

For buyers, the combination of 4,396 active listings and an average of 105 days on market suggests room to shop and negotiate without the intense urgency seen in tighter markets. For sellers, the fact that homes are still closing at an average of 100.8% of list price shows that well-priced properties continue to attract offers at or above asking, even as the overall median sale price has declined 5.6% year over year. Pricing a home in line with current active list prices, rather than the trailing 12-month median, may help sellers align expectations with present market conditions.

• Buyers: more inventory and longer market times allow for careful comparison shopping

• Sellers: homes are still achieving slightly over list price on average, but overall prices have softened year over year

• Both sides should weigh the gap between the trailing 12-month median sale price and the current active median list price when setting expectations

Frequently Asked Questions

What is the median home price in Myrtle Beach, South Carolina right now?

Over the trailing 12 months, the median sale price in Myrtle Beach is $302,000, which is down 5.6% year over year. The current active median list price is $257,950.

How long are homes staying on the market in Myrtle Beach?

Active listings in Myrtle Beach are averaging 105 days on market, indicating a slower pace of sales compared to a fast-moving market.

Are homes in Myrtle Beach selling for close to their asking price?

Yes. Homes in Myrtle Beach are selling at an average of 100.8% of list price, based on 6,627 closed sales in the trailing 12 months.

How much inventory is currently available in Myrtle Beach?

There are currently 4,396 active listings in Myrtle Beach, giving buyers a wide range of homes to consider.