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Myrtle Beach Housing Market
Real sold prices from the MLS, not the asking prices you see on listing sites.
View the most recent Myrtle Beach Real Estate market information available. The report below is built from the MLS itself: every closed sale, pending contract and active listing in Myrtle Beach over the last twelve months, with median prices, days on market, and the gap between asking and sold price. It updates automatically, so the numbers are always current rather than a quarterly snapshot.
Use it two ways. If you are buying, the sold prices tell you what a house in your bracket really trades for, which is the only number that matters when you write an offer. If you are selling, the days on market and the list-to-sale ratio tell you what the market will bear this month, before you pick a price.
How to Read the Myrtle Beach Housing Market Report
Myrtle Beach is really several markets sharing one city name, so the citywide medians blend an oceanfront estate, a golf-course condo and a new build in Carolina Forest into one figure. The citywide report is the place to start, and then the neighborhood reports below narrow it to the part of town you are actually looking at. A $400,000 median means something different in Market Common than it does on Ocean Boulevard.
Three numbers are worth watching. Median sold price is the middle of the closed sales, and it moves more slowly than the asking prices you see on listing sites. Days on market tells you how fast homes are going under contract; when it stretches, buyers have room to negotiate. The list-to-sale ratio is what sellers are actually getting against what they asked, and it is the quickest read on which way the market is leaning.
Market Reports by Area
The same MLS data, one town or community at a time.
- Oceanfront Homes — the top of the market, on the sand.
- Carolina Forest — the largest neighborhood market in the city.
- North Myrtle Beach — Cherry Grove through Windy Hill.
- Every neighborhood — pick any subdivision or building on the coast.
What the Numbers Do Not Tell You
A market report shows you the average. It cannot tell you that the house that sold in eleven days had a new roof and the one that sat for ninety had a flood-zone letter in the disclosure. I look at the individual sales behind these medians every week, and that is the part of the conversation worth having before you price a home or make an offer.
For a pricing opinion on a specific property in Myrtle Beach, or a look at the sold comparables for a home you are considering, call or text Ashley DeLong, Realtor at (843) 685-3191.
Frequently Asked Questions About the Myrtle Beach Housing Market
How often is the Myrtle Beach market report updated?
Daily. The report pulls directly from the local MLS, so new closings, pending contracts and price changes appear as they are recorded rather than at the end of a quarter.
What does the report cover?
Closed sales, pending contracts and active listings in Myrtle Beach over the last twelve months, with median and average sold prices, price per square foot, days on market and the list-to-sale price ratio, broken out by property type.
Does the report include condos?
Yes. Condos are more than half of the Myrtle Beach market, and the report separates single-family homes from condos so an oceanfront resort unit is not averaged into the price of a house in Carolina Forest.
Can I get a report for a single neighborhood or building?
Yes. The area reports linked above cover the larger markets, and the market report search lets you run the same numbers for any subdivision or condo building on the coast.
How do I use the report to price my home?
Start with the median sold price and days on market for your property type, then compare your home against the individual closed sales in your neighborhood over the last six months. An asking price built on what has sold, rather than on what neighbors are asking, sells faster and usually for more.
Let's work together.
For a pricing opinion on your Myrtle Beach home or the sold comparables on one you want to buy, Ashley DeLong can walk you through the numbers.
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