Surfside Beach, SC 29575 Real Estate Market Report

ZIP Code: 29575
Report Date: June 2026
Market Temperature: COLD
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.

---

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.

---

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.

---

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.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Surfside Beach, SC are averaging approximately 6.53%, reflecting a market environment where rates have remained elevated compared to historical lows.

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

---

Key Findings

1. The neighborhood's representative recent sale shows a median sold price of $532,000, which establishes current market value and, with the price year-over-year trend down and market temperature cold, indicates softening prices that appear to favor buyers.

2. The median listing price of $519,999 is close to recent transaction levels, but the long median days on market of 325 suggests slower sales velocity and pricing friction that may necessitate seller concessions or stronger marketing to accelerate transactions.

3. Rental fundamentals are supportive with a median market rent of $1,815 and a rent year-over-year trend up, which may sustain investor interest even as sale-side activity cools.

4. Current 30-year fixed mortgage rates are averaging approximately 6.53%, reflecting elevated interest rate pressure and elevated financing headwinds; buyers should consider rate-lock strategies and sellers should prioritize competitive pricing to counter longer time on market.

---

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.

Surfside Beach, SC 29575 Real Estate Market Report

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

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Surfside Beach, SC are averaging approximately 6.53%, reflecting a market environment where rates have remained elevated compared to historical lows.

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

---

Key Findings

1. The primary indicator of recent market value is the median sold price of $175,000, which represents the neighborhood's realized transaction level and sits below the median listing price of $191,450, suggesting a gap between seller expectations and completed sales (pricing friction).

2. Liquidity is weak: the median days on market of 364 points to slower sales velocity and, combined with the market temperature being cold, suggests buyers currently have greater negotiating leverage and transactions may take significantly longer to close.

3. Price momentum is negative: the price year-over-year trend is down and interest rate pressure is elevated, with current 30-year fixed mortgage rates averaging approximately 6.53%, a combination that may continue to weigh on buyer affordability and price recovery in the near term.

4. Rental demand appears supportive: the median market rent of $1,600 alongside a rent year-over-year trend that is up suggests stronger income replacement demand for SFR and condo units, while the median price per square foot of $185 provides a consistent valuation anchor for underwriting and rent-cap analyses.

---

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.