Myrtle Beach, SC 29575 Real Estate Market Report

ZIP Code: 29575
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Myrtle Beach, SC, is currently characterized by a median sold price of $410,000, reflecting a stable environment for single-family homes. This price point indicates a modest appreciation trend, as the market is experiencing a neutral temperature, suggesting balanced conditions between buyers and sellers. The median listing price stands at $509,000, which may indicate some pricing friction as sellers adjust expectations in response to market dynamics.

Transaction activity is marked by 315 days on market, indicating a slower sales velocity and a potential excess supply relative to sales activity. Elevated inventory levels are evident, particularly in the condo segment, where increased listings are contributing to a buyer's advantage. Despite these conditions, the median market rent remains steady at $1,530, supported by ongoing demand from inbound migration and tourism, although rental prices have seen a slight decline year-over-year.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $410,000 suggests a stable market with modest appreciation for single-family homes.

2. With a median days on market of 315, the market is experiencing slower sales velocity, indicating potential challenges for sellers.

3. The median listing price of $509,000 reflects pricing friction, as it is significantly higher than the median sold price.

4. Elevated inventory levels in the condo segment may indicate a shift towards a buyer's advantage, especially with increased listings and elevated interest rate pressure.

5. The median market rent of $1,530 remains steady, despite a year-over-year trend showing rental prices down.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.