Myrtle Beach Market Statistics

As summer draws to a close, multiple factors and trends are competing to define the direction of the real estate market.  While locally we are seeing steady, stable numbers, national trends and factors unique to our market are competing to define the direction of the real estate market.

After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. Yet most experts agree these reductions are unlikely to bring sufficient relief, at least in the short term, for first-time home buyers. The lack of affordable inventory and the persistence of historically high housing prices continue to affect the housing market, leading to lower-than-expected existing home sales
at the national level.

The Myrtle Beach market, however, is heavily driven by those who are retiring and moving to the area, as well as those purchasing second homes and investment properties. This, along with our desirable location, create year-round market stability.

Now is the time to stay diligent in understanding the market and monitoring inventory, if you are looking to purchase. Likewise, sellers are still experiencing a rise in home prices and a decrease in overall days on the market.

Our recent market analysis can help you understand if now is the time for your next move and our Team is here to help with every step in the process!

Myrtle Beach Market Report

The month-to-month glance is updated after the close of each month to allow time for all transactions to be reported. We suggest using this as well as our Annual Report in conjunction with our complimentary market analysis to determine if the time is right for you to buy or sell your Myrtle Beach area property. Contact our client manager If you are interested in more details on how to list your property and/or to find your next dream home!

 

2019 Monthly Market Reports 

The CRG Companies monthly real estate market statistics are based on data from the Coastal Carolina Association of Realtors and encompass Myrtle Beach and the surrounding areas that comprise the South Carolina coastal region of Horry & Georgetown counties, known as the Grand Strand. This snapshot of the local real estate market is your guide to making an informed decision when looking to buy or sell property in the Myrtle Beach market.

Video Gallery

March Market Statistics Report 2019
April Market Statistics Report 2019
February Market Statistics Report 2019
Annual Market Statistics Report Review 2018
January Market Statistics Report 2019
May Market Statistics Report 2019
Our recent market analysis can help you understand if now is the time for your next move.
June Real Estate Market Statistics Report 2019
Monthly review of the Myrtle Beach real estate market for June 2019 with Rainbow Russell, CRG Sales Manager. Understanding the state of the market can help you determine the right time for you to buy or sell your home...Our recent market analysis can help you determine the right time to make your next move. View the full report online: http://bit.ly/CRGMarketStats
July 2019 Market Statistics Report
August Real Estate Market Statistics Report 2019
Grand Strand Market Report | August 2019
The Myrtle Beach market is heavily driven by those who are retiring and moving to the area, as well as those purchasing second homes and investment properties. This, along with our desirable location, create year-round market stability. Our August report shows now is the time to stay diligent in understanding the market and monitoring inventory, if you are looking to purchase. Likewise, sellers are still experiencing a rise in home prices and a decrease in overall days on the market.

2019 Monthly Market Reports 

August 2018 vs. August 2019
Homes Sold: 1,476 (All Properties)

Single Family Homes Sold: 804
Lots Sold: 108
Condos & Townhomes Sold: 564

Average Sale Price: $181,830 (All Properties)

Single Family Homes: $275,154
Lots: $98,286
Condos & Townhomes: $172,051

Average Days on the Market: 174 (All Properties)

Single Family Homes: 129
Lots: 265
Condos & Townhomes: 128
*August 2019 statistics are inclusive of all properties as of 9/15/19

July 2018 vs. July 2019
Homes Sold: 1,418 (All Properties)

Single Family Homes Sold: 846
Lots Sold: 105
Condos & Townhomes Sold: 523

Average Sale Price: $189,761 (All Properties)

Single Family Homes: $272,058
Lots: $129,500
Condos & Townhomes: $167,724

Average Days on the Market: 177 (All Properties)

Single Family Homes: 131
Lots: 280
Condos & Townhomes: 119
*July 2019 statistics are inclusive of all properties as of 8/15/19

June 2018 vs. June 2019
Homes Sold: 1,418 (All Properties)

Single Family Homes Sold: 813
Lots Sold: 100
Condos & Townhomes Sold: 505

Average Sale Price: $188,264 (All Properties)

Single Family Homes: $271,254
Lots: $129,385
Condos & Townhomes: $164,153

Average Days on the Market: 195 (All Properties)

Single Family Homes: 128
Lots: 342
Condos & Townhomes: 116
*June 2019 statistics are inclusive of all properties as of 7/15/19

May 2018 vs. May 2019
Homes Sold: 1,529 (All Properties)

Single Family Homes Sold: 779
Lots Sold: 133
Condos & Townhomes Sold: 617

Average Sale Price: $192,176 (All Properties)

Single Family Homes: $269,374
Lots: $133,091
Condos & Townhomes: $174,176

Average Days on the Market: 189 (All Properties)

Single Family Homes: 137
Lots: 312
Condos & Townhomes: 118
*May 2019 statistics are inclusive of all properties as of 6/15/19

APRIL 2018 vs. APRIL 2019
Homes Sold: 1,398 (All Properties)

Single Family Homes Sold: 732
Lots Sold: 113
Condos & Townhomes Sold: 553

Average Sale Price: $178,655 (All Properties)

Single Family Homes: $287,178
Lots: $90,727
Condos & Townhomes: $158,059

Average Days on the Market: 314 (All Properties)

Single Family Homes: 142
Lots: 248
Condos & Townhomes: 130
*April 2019 statistics are inclusive of all properties as of 5/15/19

March 2018 vs. March 2019
Homes Sold: 1,397 (All Properties)

Single Family Homes Sold: 746
Lots Sold: 119
Condos & Townhomes Sold: 532

Average Sale Price: $170,216 (All Properties)

Single Family Homes: $275,548
Lots: $81,084
Condos & Townhomes: $154,017

Average Days On The market: 177 (All Properties)

Single Family Homes: 142
Lots: 250
Condos & Townhomes: 139
*March 2019 statistics are inclusive of all properties as of 4/15/19

February 2018 vs. February 2019
Homes Sold: 1,045 (All Properties)

Single Family Homes Sold: 555
Lots Sold: 77
Condos & Townhomes Sold: 413

Average Sale Price: $211,663 (All Properties)

Single Family Homes: $275,664
Lots: $209,538
Condos & Townhomes: $149,787

Average Days on the Market: 199 (All Properties)

Single Family Homes: 145
Lots: 317
Condos & Townhomes: 134
*February 2019 statistics are inclusive of all properties as of 3/15/19

January 2018 vs. January 2019
Homes Sold: 956 (All Properties)

Single Family Homes Sold: 531
Lots Sold: 82
Condos & Townhomes Sold: 343

Average Sale Price: $196,503 (All Properties)

Single Family Homes: $261,671
Lots: $161,915
Condos & Townhomes: $165,922

Average Days on the Market: 186 (All Properties)

Single Family Homes: 139
Lots: 294
Condos & Townhomes: 126
*January 2019 statistics are inclusive of all properties as of 2/15/19


2018 Monthly Market Reports 

December 2017 vs. December 2018
Homes Sold: 1,054 (All Properties)

Single Family Homes Sold: 593
Lots Sold: 88
Condos & Townhomes Sold: 373

Average Sale Price: $189,463 (All Properties)

Single Family Homes: $298,095
Lots: $111,332
Condos & Townhomes: $158,961

Average Days on the Market: 198 (All Properties)

Single Family Homes: 145
Lots: 328
Condos & Townhomes: 121
*December 2018 statistics are inclusive of all properties as of 1/15/19

November 2017 vs. November 2018
Homes Sold: 1,082 (All Properties)

Single Family Homes Sold: 615
Lots Sold: 82
Condos & Townhomes Sold: 385

Average Sale Price: $184,822 (All Properties)

Single Family Homes: $261,293
Lots: $130,999
Condos & Townhomes: $162,174

Average Days on the Market: 173 (All Properties)

Single Family Homes: 145
Lots: 252
Condos & Townhomes: 123
*November 2018 statistics are inclusive of all properties as of 12/15/18

October 2017 vs. October 2018
Homes Sold: 1,427 (All Properties)

Single Family Homes Sold: 836
Lots Sold: 114
Condos & Townhomes Sold: 477

Average Sale Price: $170,045 (All Properties)

Single Family Homes: $271,835
Lots: $78,215
Condos & Townhomes: $160,085

Average Days on the Market: 213 (All Properties)

Single Family Homes: 149
Lots: 341
Condos & Townhomes: 149
*October 2018 statistics are inclusive of all properties as of 11/15/18

September 2017 vs. September 2018
Homes Sold: 826 (All Properties)

Single Family Homes Sold: 439
Lots Sold: 65
Condos & Townhomes Sold: 322

Average Sale Price: $190,851 (All Properties)

Single Family Homes: $287,298
Lots: $116,426
Condos & Townhomes: $168,830

Average Days on the Market: 176 (All Properties)

Single Family Homes: 151
Lots: 258
Condos & Townhomes: 119
*September 2018 statistics are inclusive of all properties as of 10/15/18

August 2017 vs. August 2018
Homes Sold: 1,527 (All Properties)

Single Family Homes Sold: 846
Lots Sold: 114
Condos & Townhomes Sold: 567

Average Sale Price: $180,702 (All Properties)

Single Family Homes: $272,602
Lots: $100,855
Condos & Townhomes: $168,650

Average Days on the Market: 164 (All Properties)

Single Family Homes: 142
Lots: 219
Condos & Townhomes: 131
*August 2018 statistics are inclusive of all properties as of 9/15/18

July 2017 vs. July 2018
Homes Sold: 1,427 (All Properties)

Single Family Homes Sold: 767
Lots Sold: 133
Condos & Townhomes Sold: 527

Average Sale Price: $180,488 (All Properties)

Single Family Homes: $258,353
Lots: $128,732
Condos & Townhomes: $154,379

Average Days on the Market: 168 (All Properties)

Single Family Homes: 132
Lots: 245
Condos & Townhomes: 126
*July 2018 statistics are inclusive of all properties as of 8/15/18

June 2017 vs. June 2018
Homes Sold: 1,558 (All Properties)

Single Family Homes Sold: 808
Lots Sold: 128
Condos & Townhomes Sold: 622

Average Sale Price: $180,472 (All Properties)

Single Family Homes: $268,582
Lots: $110,903
Condos & Townhomes: $161,931

Average Days on the Market: 176 (All Properties)

Single Family Homes: 131
Lots: 278
Condos & Townhomes: 120
*June 2018 statistics are inclusive of all properties as of 7/15/18

May 2017 vs. May 2018
Homes Sold: 1,569 (All Properties)

Single Family Homes Sold: 817
Lots Sold: 133
Condos & Townhomes Sold: 619

Average Sale Price: $175,093 (All Properties)

Single Family Homes: $260,501
Lots: $110,562
Condos & Townhomes: $154,215

Average Days on the Market: 191 (All Properties)

Single Family Homes: 132
Lots: 312
Condos & Townhomes: 129
*May 2018 statistics are inclusive of all properties as of 6/15/18

April 2017 vs. April 2018
Homes Sold: 1,352 (All Properties)

Single Family Homes Sold: 689
Lots Sold: 126
Condos & Townhomes Sold: 537

Average Sale Price: $172,445 (All Properties)

Single Family Homes: $256,191
Lots: $97,379
Condos & Townhomes: $163,766

Average Days on the Market: 194 (All Properties)

Single Family Homes: 143
Lots: 312
Condos & Townhomes: 128
*April 2018 statistics are inclusive of all properties as of 5/15/18

March 2017 vs. March 2018
Homes Sold: 1,305 (All Properties)

Single Family Homes Sold: 710
Lots Sold: 130
Condos & Townhomes Sold: 465

Average Sale Price: $178,922 (All Properties)

Single Family Homes: $252,135
Lots: $133,803
Condos & Townhomes: $150,829

Average Days on the Market: 169 (All Properties)

Single Family Homes: 153
Lots: 226
Condos & Townhomes: 128
*March 2018 statistics are inclusive of all properties as of 4/15/18

February 2017 vs. February 2018
Homes Sold: 1,044 (All Properties)

Single Family Homes Sold: 548
Lots Sold: 91
Condos & Townhomes Sold: 405

Average Sale Price: $175,693 (All Properties)

Single Family Homes: $248,473
Lots: $134,199
Condos & Townhomes: $144,407

Average Days on the Market: 189 (All Properties)

Single Family Homes: 150
Lots: 298
Condos & Townhomes: 119
*February 2018 statistics are inclusive of all properties as of 3/15/18

January 2017 vs. January 2018
Homes Sold: 926 (All Properties)

Single Family Homes Sold: 521
Lots Sold: 75
Condos & Townhomes Sold: 330

Average Sale Price: $177,351 (All Properties)

Single Family Homes: $238,361
Lots: $134,904
Condos & Townhomes: $158,788

Average Days on the Market: 191 (All Properties)

Single Family Homes: 146
Lots: 293
Condos & Townhomes: 134
*January 2018 statistics are inclusive of all properties as of 2/15/18


2017 Monthly Market Reports 

December 2016 vs. December 2017
Homes Sold: 1,152 (All Properties)

Single Family Homes Sold: 648
Lots Sold: 99
Condos & Townhomes Sold: 405

Average Sale Price: $179,963 (All Properties)

Single Family Homes: $248,541
Lots: $125,102
Condos & Townhomes: $166,247

Average Days on the Market: 157 (All Properties)

Single Family Homes: 134
Lots: 205
Condos & Townhomes: 133
*December 2017 statistics are inclusive of all properties as of 1/15/18

November 2016 vs. November 2017
Homes Sold: 1,130 (All Properties)

Single Family Homes Sold: 621
Lots Sold: 105
Condos & Townhomes Sold: 404

Average Sale Price: $177,998 (All Properties)

Single Family Homes: $249,558
Lots: $129,958
Condos & Townhomes: $154,479

Average Days on the Market: 184 (All Properties)

Single Family Homes: 134
Lots: 294
Condos & Townhomes: 124
*November 2017 statistics are inclusive of all properties as of 12/15/17

October 2016 vs. October 2017
Homes Sold: 1,131 (All Properties)

Single Family Homes Sold: 596
Lots Sold: 99
Condos & Townhomes Sold: 436

Average Sale Price: $188,754 (All Properties)

Single Family Homes: $252,477
Lots: $156,187
Condos & Townhomes: $157,600

Average Days on the Market: 191 (All Properties)

Single Family Homes: 133
Lots: 309
Condos & Townhomes: 131
*October 2017 statistics are inclusive of all properties as of 11/18/17.

September 2016 vs. September 2017
Homes Sold: 1,393 (All Properties)

Single Family Homes Sold: 793 – 14.1% Increase
Lots Sold: 142 – 5.3% Increase
Condos & Townhomes Sold: 458 - 1.1% Decrease

Average Sale Price: $174,103 (All Properties)

Single Family Homes: $251,998– 0.2% Increase
Lots: $109,304 – 8.1% Increase
Condos & Townhomes: $161,007– 12.5% Increase

Average Days on the Market: 184 (All Properties)

Single Family Homes: 142
Lots: 299
Condos & Townhomes: 146
*September 2017 statistics are inclusive of all properties as of 10/18/17.

August 2016 vs. August 2017
Homes Sold: 927 (All Properties)

Single Family Homes Sold: 793 – 14.1% Increase
Lots Sold: 149 – 13.7% Decrease
Condos & Townhomes Sold: 538 - 14.0% Increase

Average Sale Price: $185,453 (All Properties)

Single Family Homes: $269,669– 5.6% Decrease
Lots: $83,891 – 31.7% Decrease
Condos & Townhomes: $136,088– 6.28% Decrease

Average Days on the Market: 184 (All Properties)

Single Family Homes: 167
Lots: 402
Condos & Townhomes: 161
*August 2017 statistics are inclusive of all properties as of 9/18/17.

July 2016 vs July 2017
Current Market Inventory: 7,090 (All Properties)

Single Family Homes For Sale: 3,852 – 7.8% Decrease
Lots For Sale: 268 – 6.9% Decrease
Condos & Townhomes For Sale: 2,970 - 25.6% Decrease 

Homes Sold: 1,372 (All Properties) 

Single Family Homes Sold: 642 – 2.4% Increase
Lots Sold: 99 – 9.2% Decrease
Condos & Townhomes Sold: 497 - 13.5% Increase

Average Sale Price: $163,672 (All Properties)

Single Family Homes: $241,015 – 9.7% Increase
Lots: $134,807 –  68.1% Increase
Condos & Townhomes: $146,439 – 4.0% Increase 

Average Days on the Market: 193 (All Properties)

Single Family Homes: 140 - 3.4% Decrease
Lots: 283  – 0.7% Decrease
Condos & Townhomes: 137 - 11.0% Decrease
*April 2017 statistics are inclusive of all properties as of 8/15/17.

June 2016 vs June 2017
Current Market Inventory: 6,959 (All Properties)

Single Family Homes For Sale: 3,884 – 7.8% Decrease
Lots For Sale: 261 – 7.4% Increase
Condos & Townhomes For Sale: 2,760 - 19.6% Decrease

Homes Sold: 1,372 (All Properties)

Single Family Homes Sold: 765 – 5.9% Decrease
Lots Sold: 116 – 25.2% Decrease
Condos & Townhomes Sold: 564 - 5.6% Increase

Average Sale Price: $163,672 (All Properties)

Single Family Homes: $270,419 – 12.9% Increase
Lots: $76,160 –  20.8% Decrease
Condos & Townhomes: $154,436 – 8.8% Increase 

Average Days on the Market: 193 (All Properties)

Single Family Homes: 140 - 4.1% Decrease
Lots: 261  – 4.7% Decrease
Condos & Townhomes: 143 - 4.0% Decrease
*June 2017 statistics are inclusive of all properties as of 7/16/17.

August 2016 vs August 2017
Current Market Inventory: 6,959 (All Properties)

Single Family Homes For Sale: 3,849 – 10.6% Decrease
Lots For Sale: 266 – 8.1% Increase
Condos & Townhomes For Sale: 2,844 - 17.3% Decrease

Homes Sold: 1,372 (All Properties)

Single Family Homes Sold: 770 – 4.6% Increase
Lots Sold: 266 – 8.1% Increase
Condos & Townhomes Sold: 547 - 5.8% Increase

Average Sale Price: $163,672 (All Properties)

Single Family Homes: $257,146 – 8.2% Increase
Lots: $79,315 –  4.5% Decrease
Condos & Townhomes: $147,544 – 4.1% Increase 

Average Days on the Market: 193 (All Properties)

Single Family Homes: 132 - 9.6% Decrease
Lots: 237  – 25.2% Decrease
Condos & Townhomes: 141 - 18.0% Decrease
*May 2017 statistics are inclusive of all properties as of 6/18/17.

April 2016 vs April 2017
Current Market Inventory: 7,090 (All Properties)

Single Family Homes For Sale: 3,852 – 7.8% Decrease
Lots For Sale: 268 – 6.9% Decrease
Condos & Townhomes For Sale: 2,970 - 25.6% Decrease 

Homes Sold: 1,372 (All Properties) 

Single Family Homes Sold: 642 – 2.4% Increase
Lots Sold: 99 – 9.2% Decrease
Condos & Townhomes Sold: 497 - 13.5% Increase

Average Sale Price: $163,672 (All Properties)

Single Family Homes: $241,015 – 9.7% Increase
Lots: $134,807 –  68.1% Increase
Condos & Townhomes: $146,439 – 4.0% Increase 

Average Days on the Market: 193 (All Properties)

Single Family Homes: 140 - 3.4% Decrease
Lots: 283  – 0.7% Decrease
Condos & Townhomes: 137 - 11.0% Decrease
*April 2017 statistics are inclusive of all properties as of 5/18/17.

March 2016 vs March 2017
Current Market Inventory: 7,159 (All Properties)

Single Family Homes For Sale: 3,822 – 8.9% Decrease
Lots For Sale: 348 – 4.1% Decrease
Condos & Townhomes For Sale: 2,989 - 14.4% Decrease

Homes Sold: 1,372 (All Properties)

Single Family Homes Sold: 695 – 7.6% Increase
Lots Sold: 119 – 6.3% Increase
Condos & Townhomes Sold: 558 - 35.4% Increase

Average Sale Price: $163,672 (All Properties)

Single Family Homes: $248,520 – 6.4% Increase
Lots: $87,242 –  36.0% Decrease
Condos & Townhomes: $155,283 – 15.9% Increase 

Average Days on the Market: 193 (All Properties)

Single Family Homes: 148 - 3.9% Decrease
Lots: 282  – 19.6% Decrease
Condos & Townhomes: 149 - 2.1% Increase
*March 2017 statistics are inclusive of all properties as of 4/18/17.

February 2016 vs February 2017
Current Market Inventory: 7,177 (All Properties)

Single Family Homes For Sale: 3,828 – 6.1% Decrease
Lots For Sale: 290 – 18.8% Increase
Condos & Townhomes For Sale: 3,059 - 10.2% Decrease

Homes Sold: 919 (All Properties)

Single Family Homes Sold: 465 – 7.4% Decrease
Lots Sold: 102 – 22.9% Increase
Condos & Townhomes Sold: 352 - 2.6% Increase

Average Sale Price: $170,566 (All Properties)

Single Family Homes: $245,801 – 7.3% Increase
Lots: $126,608 –  11.4% Decrease
Condos & Townhomes: $136,289 – 0.4% Decrease 

Average Days on the Market: 206 (All Properties)

Single Family Homes: 152 – 4.4% Decrease
Lots: 228  – 43.8% Decrease
Condos & Townhomes: 151 – 3.2% Decrease
*February 2017 statistics are inclusive of all properties as of 3/16/17.

January 2016 vs January 2017
Current Market Inventory: 7,100 (All Properties)

Single Family Homes For Sale: 3,754 – 4.8% Decrease
Lots For Sale: 357 – 3.5% Increase
Condos & Townhomes For Sale: 2,989 - 10.0% Decrease

Homes Sold: 866 (All Properties)

Single Family Homes Sold: 464 – 2.2% Increase
Lots Sold: 103 – 0.9% Decrease
Condos & Townhomes Sold: 299 - 15.4% Increase

Average Sale Price: $163,299 (All Properties)

Single Family Homes: $255,924 – 10.7% Increase
Lots:  $73,417 –  6.7% Increase
Condos & Townhomes: $160,556 – 11.4% Increase

Average Days on the Market: 193 (All Properties)

Single Family Homes: 164 – 4.3% Decrease
Lots: 228  – 43.8% Decrease
Condos & Townhomes: 187 – 8.1% Increase
*January 2017 statistics are inclusive of all properties as of 2/16/17.


If you are interested in determining the value of your home or investment property, check out our complimentary market analysis!

Looking for something in a specific community or neighborhood? Contact a CRG Companies Realtor for a detailed report on the areas that interest you.

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