Myrtle Beach housing market update: mixed price signals, elevated inventory
Myrtle Beach, SC – February 28, 2026 – Inventory remains elevated, time-to-contract stays long, and a downtown lighting project is moving forward.
Top takeaways
- Mixed pricing signals: Zillow’s typical value index is about $318K (down 2.9% year-over-year), while Redfin’s median sale price was $274K in January (up 10.5% year-over-year).
- Plenty of choice: Zillow’s city snapshot shows about 2,730 homes listed for sale (data through late January).
- Longer timelines: Zillow shows a median 72 days to pending, and Redfin reports about 144 days on market.
Market snapshot
Zillow’s overview also lists a roughly $282K median sale price (December) and a median sale-to-list ratio near 0.968. That combination suggests buyers may still have room to negotiate—especially on properties that sit. On the rental side, Zillow puts average rent around $1.7K.
Local development pulse
City council approved a $500K Ocean Boulevard lighting project (between Mr. Joe White Ave. and 9th Ave. N), with installation expected to start in May—an upgrade aimed at improving the downtown corridor.
What to watch next
Sellers may need sharper pricing and presentation in a higher-choice environment. Buyers can monitor new listings versus price cuts and ask about concessions on longer-market homes.