Myrtle Beach, SC 29575 Real Estate Market Report

ZIP Code: 29575
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Myrtle Beach, SC, are averaging 6.37% as of May 2026, reflecting a period of market volatility where rates remain elevated compared to early 2026 lows.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market value indicator, the $416,000 median sold price, points to stabilizing transaction-level pricing while the price year-over-year trend is up, suggesting modest appreciation risk-adjusted for current conditions.

2. There is a meaningful spread between the $539,000 median listing price and the $416,000 median sold price, which may indicate seller expectations exceed recent sale outcomes and could create pricing friction during negotiations.

3. Liquidity appears muted: the median days on market of 319 reflects slower sales velocity, and market context shows elevated inventory relative to sales activity which may prolong time-to-contract and require more aggressive pricing or concessions.

4. Rental dynamics are cooling: the $1,793 median market rent is paired with a rent year-over-year trend of down, while interest rate pressure is elevated with current 30-year fixed mortgage rates averaging 6.37%, a combination that may damp buyer affordability and renter-driven investment returns.

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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.

Myrtle Beach, SC 29575 Real Estate Market Report

ZIP Code: 29575
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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Property Taxes

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Liquidity & Velocity

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Myrtle Beach, SC, are averaging 6.37% as of May 2026, reflecting a period of market volatility where rates remain elevated compared to early 2026 lows.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market signal is the median sold price of $175,000, which serves as the most representative recent sale and suggests stabilizing transaction values relative to asking expectations; note the median listing price of $187,000 indicates a pricing gap between seller expectations and realized sales.

2. Liquidity appears muted given the median days on market of 333, which points to slower sales velocity and suggests pricing friction that may require sellers to adjust terms or price to improve transaction speed.

3. Price momentum is cautiously positive with the price year-over-year trend marked as up, while broader balance conditions are neutral—this combination implies modest appreciation potential but not a strongly directional market; treat the market as balanced rather than one-sided.

4. Financing and rental context create mixed signals: interest rate pressure is elevated which may damp buyer activity, and rent year-over-year trend is down despite a median market rent of $1,600—investors should factor in higher financing costs and slightly softer rent growth when modeling returns; consider conservative underwriting and scenario stress for rate sensitivity.

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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.