Table of Contents

• Market Snapshot
• Three Myrtle Beach Markets Explained: Condo, Resale, and New Construction
• Interest Rates and Timing Your Move in Myrtle Beach
• Practical Strategies for Buyers in Myrtle Beach
• Practical Strategies for Sellers in Myrtle Beach
• Big-Picture Outlook for Myrtle Beach Real Estate in 2026
• FAQs
• Closing Thoughts

Market Snapshot

The Myrtle Beach real estate market 2025 has shifted from the pandemic-era frenzy into a more balanced, sustainable environment. That does not mean prices are collapsing. Instead, inventory has increased, timelines have lengthened, and negotiating power has swung toward buyers in some segments while remaining neutral or even seller-friendly in others.

Key numbers to keep on your radar:

• Median price (combined markets):$319,000 (blend of condos, townhomes, resales, and new construction)
• Overall inventory: 7,440 active homes—highest level since 2016
• Days on market: roughly 127 days (longest in South Carolina)
• Transaction volume (August): about 1,518 homes sold — up 1.7% year-over-year
• Sale-to-list performance: most properties now close about 2–3% below original asking price

There are some data nuances: depending on which dataset you look at (combined vs. specific property types), reported medians can vary. For example, longer-term charts show the median sales price peaking during the pandemic at roughly $387,000 and more recently sitting closer to $347,000 in some series. Those differences are normal when the market is divided into condos, resales, and new construction.

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Three Myrtle Beach Markets Explained: Condo, Resale, and New Construction

One of the most important lessons here is hyper-locality. Myrtle Beach is not one uniform market. There are effectively three overlapping markets:

• Condo market — vacation and investment style inventory
• Resale single-family homes — previously owned mainstream housing
• New construction — builder-controlled supply and incentives

Each behaves differently and requires a tailored strategy. Understanding which of these you’re targeting determines whether you’re in a buyer, seller, or neutral market for your specific transaction.

Condo market: deep buyer market and negotiation power

The condo segment is where buyers currently have the most leverage. The median condo price sits near $225,000, down about 1.3% year-over-year.

Important condo stats:

• Months of inventory:~8.6 months — well into buyer market territory (over 6 months is buyer-leaning)
• Financing environment: mortgage rates have dropped to a three-year low (around 6.13% at the time of reporting)
• Buyer advantage: more selection, better ability to ask for concessions, and time to perform inspections and due diligence

That combination makes condos attractive for second-home buyers and investors. If you want a vacation rental or a retirement pied-a-terre, now is a strong negotiation window. Sellers with condos that have been on the market for a while are motivated and often willing to negotiate price, closing costs, and repairs.

Resale market dynamics: still competitive, but conditions changed

Previously owned single-family homes are in a more balanced position. The resale market shows about 5 months of inventory — technically tilted toward sellers, but the margin is slimmer than during the peak frenzy.

Key resale realities:

• Inventory: about 5 months supply for resales (varies by neighborhood)
• Pricing: properties typically close 2–3% below original list price now
• Time on market: about 30 days longer than peak seller-market conditions; expect 117–137 days if priced correctly

Resale sellers must adapt. That means accurate, market-based pricing on day one, strong presentation, and targeted marketing to attract buyers who are making fully informed choices. If you price too high upfront, the risk is that the property becomes stale and will require stronger price reductions later.

New construction and builder incentives: supply control is powerful

New construction behaves differently because builders control supply. Month supply for new construction hovers near 3.1 months because builders often release lots and inventory strategically. That artificial scarcity allows builders to keep pressure on demand and offer selective deals.

Why builders are relevant right now:

• Incentives: end-of-year packages often include rate buydowns, closing-cost help, and upgrade allowances
• Attractive financing: some builders are offering temporary interest rates in the 3.8–5.2% range via buydowns
• Inventory control: buyers sometimes wait months for a preferred lot, which reduces immediate resale competition

New construction can feel like it is cannibalizing resale and condo markets because builders are offering aggressive incentives to attract buyers. That dynamic keeps resale sellers on their toes and explains why some buyers prefer to wait for builder deals even when resale options exist.

Interest Rates and Timing Your Move in Myrtle Beach

Interest rates anchor everything. Current mortgage rates are at a three-year low (about 6.13% in the snapshot). If the Federal Reserve eases policy a couple of times, mortgage rates could drift toward the 6% range. Even small moves in rates can change who is willing to sell, who is willing to buy, and how aggressively buyers move.

Timing perspective:

• If rates decline further, expect an influx of buyers who had been sitting on the sidelines—particularly out-of-state buyers selling higher-cost markets and moving to Myrtle Beach.
• Sellers who have delayed listing because of mortgage rate concerns may find more buyers earlier than they expected if rates drop.
• New construction buyers often receive rate buydowns directly from builders, which complicates direct comparisons between resale financing and builder financing.

The net effect: lower rates can be a silver lining for resale sellers. As more buyers become active, resale inventory that is priced and marketed well can sell quickly—sometimes even over asking when conditions align.

Practical Strategies for Buyers in Myrtle Beach

Whether you are looking for a primary residence, second home, or investment property, apply these guidelines in the Myrtle Beach real estate market 2025:

• Define your market slice: condo, resale, or new construction — each requires a different negotiation plan
• Use increased selection to your advantage: with more homes on the market, you can be selective and hold sellers accountable for inspections and disclosures
• Watch financing closely: compare builder buydown offers to conventional mortgage scenarios; sometimes a slightly higher price with a deep buydown is better long-term
• Be prepared to move fast on quality deals: great resales with upgrades can deliver better value than base new construction homes
• Don’t skip the due diligence: absence of bidding wars does not mean absence of risk—get inspections and title research done

Practical Strategies for Sellers in Myrtle Beach

Sellers need to pivot from pricing optimism of past years to smart, market-based tactics:

• Price correctly from day one: start at the right number to avoid staleness
• Invest in presentation: professional photography, staging, and highlighting unique upgrades (pools, kitchen renovations, smart home features) matter
• Target marketing: advertise to inbound source markets where buyers are coming from—Northeast metros are common origin points
• Be flexible on terms: buyers increasingly ask for repairs, closing-cost help, and favorable timelines
• Leverage timing: late-year builder inventory offloads can be an opportunity—if you list at the right moment, you capture buyers who prefer resale upgrades over base new builds

If you follow those steps, resales that are priced and positioned well continue to sell successfully. Patience pays off in this cooling, stabilizing environment.

Big-Picture Outlook for Myrtle Beach Real Estate in 2026

Fundamentals remain supportive: inbound migration continues, local job creation and infrastructure investment are trending upward, and Myrtle Beach remains one of the more affordable coastal markets on the East Coast. Expect a normalized, healthier market with reasonable inventory, fair pricing, and longer—but sustainable—transaction timelines.

Forecast takeaway:

• Moderate appreciation: the era of double-digit yearly jumps is unlikely to return immediately; instead expect modest, manageable appreciation
• Continued buyer diversity: retirees, remote workers, and investors will keep demand steady
• Localized variation: neighborhood-by-neighborhood dynamics will dominate—some pockets will be hot, others slow

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FAQs

How does the current inventory level affect the Myrtle Beach real estate market 2025?

Higher inventory (about 7,440 active homes) gives buyers more choice and negotiating power, especially in condos. Sellers must price and market thoughtfully because longer days on market mean patience and strategy are required to secure a sale.

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

Yes. The condo market is a buyer market with roughly 8.6 months of inventory and downward pressure on median condo prices. Buyers can negotiate price, concessions, and closing costs more effectively than in previous years.

Should resale homeowners sell now or wait for rates to drop?

If a homeowner has been waiting, falling mortgage rates could prompt more buyers to enter the market, improving chances of a favorable sale. However, if you need to move, properly priced and marketed resales can still attract solid offers today. Timing depends on personal circumstances and local market conditions in your specific neighborhood.

Are builders offering better financial incentives than resales?

Often yes. Builders are using rate buydowns, closing-cost assistance, and upgrade packages to move inventory. That makes direct comparisons important: a slightly higher price with an aggressive buydown may be competitive with non-incentivized resales.

How long should I expect my home to be on market if I list now?

If accurately priced and well marketed, expect a reasonable timeline of roughly 117 to 137 days on market for resales, rather than the one- or two-week quick sales seen during peak seller markets.

What neighborhoods should out-of-state buyers consider first?

Priorities vary by buyer type. Retirees often seek low-maintenance communities and proximity to medical facilities. Vacation buyers prioritize beach access and rental demand. Work-from-home professionals look for commute-friendly areas with strong internet infrastructure. Research and local guidance will point you to neighborhoods that match your goals.

Will prices fall sharply in the Myrtle Beach real estate market 2025?

A sharp collapse is unlikely. Data points show stabilization after pandemic spikes. Median price measures differ by dataset, but overall the market appears to be normalizing with modest adjustments rather than dramatic declines.

Closing Thoughts

The Myrtle Beach real estate market 2025 has moved from volatility to stability. That transition creates practical opportunities: buyers gain choice and negotiating power, sellers who adapt can still achieve successful outcomes, and investors will find pockets of value across condos, resales, and new construction.

Data-driven decisions matter more than ever. Understand the specific market slice you are targeting, price and present properties honestly, and keep a close eye on interest-rate developments. The market is healthier for both buyers and sellers when expectations align with current conditions.

Approach the market strategically and you will find that Myrtle Beach still offers tremendous lifestyle and value benefits—sunny days, miles of beaches, and an affordable coast that continues to attract people from higher-cost regions. If you need to buy a home, contact me — call or text 833-867-4376  and I’ll help you find the right property.

READ MORE: Buying New Construction Home In Myrtle Beach? How To Avoid These MAJOR Mistakes!