SC · Metro #117

Myrtle Beach - SC housing market

The Myrtle Beach metro has a typical home value of $337,830, down 1.0% from a year ago. Homes are sitting 52 days on average - buyers have negotiating room. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$337,830
-1.0% vs. year ago
Median sale price
$321,938
+4.9% YoY
Median list price
$341,300
Sale-to-list ratio
96.1%
Selling below ask
Days on market
52d
Listings w/ price cut
27.0%
New listings / mo
1,784
-16.0% YoY
Homes for sale
8,063
-4.1% YoY
Typical rent
$1,721/mo
+1.0% YoY
Context

How to read this data

The typical home value ($337,830) is the Zillow Home Value Index for the Myrtle Beach - SC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.0% over the past year. A home worth $341,242 last year is now worth roughly $337,830.

The median sale price , what homes actually close for , is $321,938. Homes are selling at 96.1% of list price, meaning buyers have room to negotiate.

Homes listed in Myrtle Beach - SC sit on the market for roughly 52 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,784 new listings hit the market each month in Myrtle Beach - SC. There are currently 8,063 homes for sale, down 4.1% from a year ago.

The typical monthly rent in Myrtle Beach - SC is $1,721, up 1.0% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in SC

MetroHome value1-yr changeDays on market
Greenville - SC$312,533 +2.0% 22.0d
Columbia - SC$254,348 +1.2% 23.0d
Charleston - SC$434,229 -0.9% 34.0d
Spartanburg - SC$277,911 +2.4% 31.0d
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