Home prices in Myrtle Beach, SC are telling three different stories right now depending on whether you are looking at new construction, single family resale, or condos. Inventory has surged, mortgage rates have dipped to 2025 lows, and buyer negotiating power has returned. That combination means decisions made today will look very different one year from now. Below is a clear, practical guide to what is happening, why it matters, and how to use the facts to your advantage.

Table of Contents

• Introduction
• Why one market does not equal all markets
• Median prices and what the major data sources are showing
• Bedroom-by-bedroom: one of the clearest signals
• New construction: how builders are controlling the story
• Resale single family: a move toward balance
• Condos: the clearest buying opportunity
• Sale to list dynamics: what sellers should expect
• Mortgage rate environment and builder buydowns
• What buyers should do now
• What sellers should do now
• Investor opportunities
• Strategic takeaways
• Next steps and tools
• FAQs

Introduction

The headline numbers you need to know: overall inventory in the Myrtle Beach region has jumped roughly 23% year over year. We've seen three of the four busiest listing months in over a decade between March and June 2025. That swell of supply is reshaping pricing dynamics, so while home prices in Myrtle Beach, SC are not crashing, they are balancing out across different property types.

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Why one market does not equal all markets

Think of the Myrtle Beach market as three separate games being played at once:

• New construction single family — still a seller's market.
• Resale single family — shifting toward balance/softening due to heavy resale inventory.
• Condos — a clear buyer's market with the deepest discounts and the most negotiating leverage.

This segmentation matters because a blanket statement like "home prices in Myrtle Beach, SC are dropping" is true in some segments and not in others. Read on for the numbers that explain the nuance.

Median prices and what the major data sources are showing

Different data feeds can tell different stories depending on what they include. Here’s a succinct comparison:

• Rocket Homes lists median prices for single family homes around $224,000, up ~1.2% year over year.
• Redfin reports a median closer to $253,000 but that includes condos and shows an 8.2% year-over-year decrease.
• Local MLS data — often the most accurate for fine-grained local intel — puts the single family median at about $375,000, a modest 0.7% increase year over year.

These differences reflect composition effects (condos vs single family) and local market mix. For anyone tracking home prices in Myrtle Beach, SC, always check whether the dataset includes condos and new builds or only resales.

Bedroom-by-bedroom: one of the clearest signals

Break the market down by bedrooms and you immediately see who’s winning and who’s losing:

• One-bedroom units: down approximately 6.9% year over year.
• Two-bedroom units: down about 5.4% year over year.
• Three-bedrooms: largely neutral — holding steady.
• Four-bedrooms: modest increase, around 1.4% year over year.
• Five-bedrooms: dramatic jump, up roughly 21.8% year over year.

The steep rise in larger homes is driven by relocations from higher-cost markets where a five-bedroom often costs over a million dollars. In Myrtle Beach you can find five-bedroom homes in the low to mid 400s, so families relocating from New York, New Jersey, Connecticut, and parts of California are pushing demand — and prices — for big family homes. That is a powerful structural tailwind for the local market and an important context when evaluating home prices in Myrtle Beach, SC.

New construction: how builders are controlling the story

New construction is still performing best. Builders can sequence lot releases, manage supply, and frequently layer incentives that resales cannot match. Current metrics show about a 3.5 months supply for new builds — firmly in seller territory (under six months = seller market).

And incentives are real: builders are rolling out sub-5 percent interest promotions, two-one buydowns, and packages covering thousands in closing costs. Those incentives both lower monthly payments and make new homes especially attractive when rates matter to a buyer.

Resale single family: a move toward balance

Resale inventory has expanded about 26.2% year over year and shows roughly a 5.3 months supply. In isolation this would look like a seller market, but the volume of new communities and the supply being added pushes resales into more buyer-friendly territory. The takeaway: sellers need to be strategic and realistic on price and presentation.

Condos: the clearest buying opportunity

The condo segment is the deepest buyer market right now. Inventory sits around 8.6 months and condo prices have fallen roughly 7 to 11% depending on the dataset. For investors and vacation-home buyers this is a rare window: purchasing at the bottom of the cycle while rental demand and tourism remain strong in the Myrtle Beach area.

If your objective is to buy a short-term rental or a vacation home, condo market dynamics mean you can negotiate meaningfully on price and incentives. That is a big reason why many investors are looking at home prices in Myrtle Beach, SC and choosing condos as their entry point.

Sale to list dynamics: what sellers should expect

Understanding how homes actually sell relative to list price is essential when deciding how to price or bid:

• About 77% of homes are selling below asking, with an average discount of roughly 4% off original list price.
• Roughly 7% of homes still sell above asking — typically those with exceptional upgrades, desirable locations, or that sit in submarkets with limited competition.
• Single family homes are closing at approximately 97.6% of list price, while condos are around 96.5% of list.

For sellers that means pricing matters. Listing high and then doing multiple price reductions damages buyer perception. A clean, properly-priced launch with targeted marketing and presentation (highlighting inground pools, high-end kitchens, and any unique features) remains the best route to reach the top of the market.

Mortgage rate environment and builder buydowns

Mortgage rates have eased to the lowest levels seen in 2025 so far. The Fed’s next move will shape buyer demand, but builders are already offering tactical rates and buydowns — some below 5 percent or with two-one buydowns that lower payments in the initial years. That combination reduces the rate sensitivity for buyers considering new construction.

What buyers should do now

Buyers have more choices and more negotiating power than in recent years. Key steps to take:

• Focus on the segment that matches your goals. Condos are most advantageous for investors. New builds offer incentives and predictable construction timelines. Resales can offer upgrades not included in base new homes.
• Use the average ~4% price drop as a negotiating baseline in resales and condos but remain flexible for properties with high demand or special features.
• Get pre-approved and build inspection time into offers. The current market gives you more time for due diligence.

Remember: strong long-term demand driven by migration to the area underpins the case for buying. If you are looking at home prices in Myrtle Beach, SC as part of a relocation decision, now is one of the better windows to secure value.

What sellers should do now

Sellers must adapt pricing and marketing strategy to a market that is no longer uniformly seller-friendly:

• Price to the market, not to 2022 expectations. Overpricing risks long days on market and multiple price reductions.
• Invest in presentation and aggressive marketing. Properties that stand out visually and in listing copy win the “beauty contest” that the market has become, particularly in the condo segment.
• Highlight upgrades. A seven-year-old resale with an upgraded kitchen or an inground pool will often compete strongly against a base-model new construction home.

When priced properly and presented well, single family homes with four or five bedrooms are currently very marketable because relocating families are seeking that space.

Investor opportunities

Investors should pay attention to condos. With about an 8.6 month supply and double-digit year-over-year discounts in places, this is a bottom-of-cycle buying opportunity for short-term rentals and long-term appreciation. Myrtle Beach remains a high-tourism, affordable coastal market — a rare combination.

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Strategic takeaways

Home prices in Myrtle Beach, SC are not a single trend to accept or reject. They vary significantly by property type, bedroom count, and neighborhood. Here are the must-remember points:

1. Inventory is up ~23% year over year — buyers have choices.
2. New construction remains the strongest segment due to inventory control and incentives.
3. Resales are moving toward balance; condos are firmly in a buyer's market.
4. Five-bedroom homes are in high demand thanks to relocation from high-cost areas.
5. Buyers have negotiating leverage, especially for condos and many resales.
6. Sellers need realistic pricing and creative marketing to secure top results.

Next steps and tools

If you are actively considering a move or purchase, take these immediate actions:

• Pull comps in the exact subdivision and bedroom count you care about.
• Factor sale-to-list ratios (single family ~97.6%, condos ~96.5%) into offers and list prices.
• Explore new construction incentives if monthly payment or rate buydowns are priorities.
• Smart planning and the right local data are the difference between a good deal and a missed opportunity when tracking home prices in Myrtle Beach, SC.
• Book a one-on-one Zoom call with us to get a personalized strategy session.

  Ready to navigate the Myrtle Beach real estate market with confidence? Whether you’re buying, selling, or investing, we’re here to guide you every step of the way. Call or text us today at 𝟴𝟯𝟯-𝟴𝟲𝟳-𝟰𝟯𝟳𝟲 to discuss your options and let’s turn your real estate goals into reality!

  FAQs

  Are home prices in Myrtle Beach, SC falling overall?

  Not uniformly. Condos are showing meaningful declines and represent a buyer market. Single family new construction is still strong and a seller market, while resale single family is moving toward balance. Always check the specific property type and bedroom count.

  Is now a good time to buy a condo in Myrtle Beach?

  Yes. Condos have more supply and deeper discounts right now, making it an attractive entry point for investors and vacation buyers. Rental demand remains strong in this tourist market.

  What should sellers expect for pricing and time on market?

  Expect more realistic pricing. Around 77% of homes are selling below asking and 52% are taking 90 or more days to sell. Proper pricing, staging, and marketing can still yield quick sales, particularly for homes with upgrades or that are in-demand floor plans.

  How are builders affecting local home prices?

  Builders control lot releases and incentives, which keeps new construction competitive. Their ability to offer rate buydowns and closing cost credits makes new builds especially attractive compared to un-upgraded resales.

  How should buyers use current mortgage rates?

  Current 2025 rates have softened. Use rate buydowns offered by builders when available, shop mortgage products, and lock rates when comfortable. Lower rates will likely bring more buyers into the market, so timing is part of the strategy.

  Which bedroom counts are most desirable right now?

  Five-bedroom homes are the most in-demand and have seen significant price growth due to relocations from higher-cost states. Three-bedrooms remain neutral, and one- to two-bedroom units have seen price declines.

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