Myrtle Beach, SC Home Values & Market Trends

Real estate market trends reflect that there have been 5,220 transactions over the past year in Myrtle Beach. The median value for residential home transactions that occurred over the previous year is $301,328.45. The number of current listings in Myrtle Beach is 1,159, and the percentage of properties for sale in the city is 1159.00%. Myrtle Beach, SC currently has 20 properties in foreclosure, 3 bank owned properties, 17 properties headed for auction, and 1,159 properties for sale.

Myrtle Beach, SC Real Estate Market Overview

ZipMedian Est. Value
29577

$ 185,955

$ 273/sqft

29572

$ 249,900

$ 310/sqft

29579

$ 327,823

$ 194/sqft

29588

$ 348,079

$ 186/sqft

29575

$ 293,826

$ 205/sqft

Housing Market Summary for Myrtle Beach, SC

Oct 2022September 2023Change
Median Listing Price$289.7K$275.4K-4.96%
Median Sold Price$274.6K$275.4K0.28%
Homes For Sale1,1001,1333.00%
Homes Sold2,6262,92411.35%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Recently Sold Homes

Explore recent offers and recently sold homes in Myrtle Beach, SC

Browse Homes in Myrtle Beach, SC

Myrtle Beach home values range from $19,438 to $17,955,444. The median estimated value of a home in Myrtle Beach is $301,328.45. The median list price of a home is 260,000, and the total count of properties in the city is 85,797.

Foreclosure
There are 5 zips within Myrtle Beach, SC; within these zips, the median estimated home value for homes in foreclosure ranges from $831,486 in 29579 to the lowest value of $114,716 in 29579. Foreclosure homes account for 0.00% of properties in Myrtle Beach, SC with 29577 containing 8 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Myrtle Beach, SC with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Myrtle Beach, SC; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Myrtle Beach, SC ranges from the highest value of $361,250 in 29579 to the lowest value of $214,821 in 29577. Bank owned homes and properties account for 0.00% of properties in Myrtle Beach, SC. There are 5 zips within Myrtle Beach, SC; 29577 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    29577 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Myrtle Beach, SC. Auction homes and other auction properties account for 0.02% of all properties in Myrtle Beach, SC. There are 5 zips within Myrtle Beach, SC; of those zips, the median estimated home value for homes going to auction ranges from $284,250 in 29588 to the lowest value of $114,716 in 29588.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.35% of residential properties in Myrtle Beach, SC with 29577 containing 429 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Myrtle Beach, SC; homes for sale in those zips, have a range of median values from $7,850,000 in 29572 to the lowest value of $40,890 in 29577.
    Sold Homes
    The median value for recently sold homes ranges from $6,190,050 in 29572 to the lowest price of $36,792 in 29572. There are 5 zips within Myrtle Beach, SC. 29577 has 708 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.75% of properties in Myrtle Beach, SC.

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      Guide for Myrtle Beach, SC

      Home Buying Financing
      What is an REO Property and How to Buy It
      Home Buying Guides
      The Difference Between A Short Sale And A Foreclosure
      Home Buying Guides
      What Happens When A Property Goes Into Foreclosure?
      Home Buying Guides
      Avoiding Scams in Pre-Foreclosure Deals
      See More Articles
      What is an REO Property and How to Buy It
      Home Buying Financing|posted 27 September 2023

      Have you been interested in REO, or real estate owned, properties? RealtyTrac helps you understand what they are and how can you buy one.

      The Difference Between A Short Sale And A Foreclosure
      Home Buying Guides|posted 26 September 2023

      You know what a foreclosure is. You are familiar with short sales. But what are the true differences between them?

      What Happens When A Property Goes Into Foreclosure?
      Home Buying Guides|posted 24 September 2023

      Want to learn about the foreclosure process? Our article explains it all.

      Avoiding Scams in Pre-Foreclosure Deals
      Home Buying Guides|posted 30 August 2023

      How do you avoid scams when you are in pre-foreclosure? We’ve got the info here.

      Recently Listed Homes Myrtle Beach, SC