ZIP 29588 Housing Market Update (Feb 23, 2026): High inventory, steady pricing, and slightly lower mortgage rates

ZIP 29588 (Myrtle Beach, South Carolina; Horry County) is still showing a very ‘shopper-friendly’ level of selection heading into late February, with days-on-market near the 2–3 month range on major portals.

Top takeaways

Inventory is high: Realtor.com is showing roughly 780+ active listings in 29588, while Zillow shows about 600+ for-sale results (sites count differently).
Prices are holding, not surging: median list price is about $325K, with many choices below and above that level.
Time-to-sell is still a hurdle: average time on market is around ~79 days, suggesting sellers may need sharp pricing and clean inspection reports.
Rates eased again: Freddie Mac’s weekly average 30-year fixed rate is 6.01% (as of Feb. 19), down from the prior week.

Market snapshot (as of Feb 23)

On Realtor.com’s 29588 market view, the median listing price is reported around $324,900, with ~784 active homes and an average ~79 days on market. The same page also shows a median rent around $1.95K, which matters for investors comparing cap rates to today’s financing costs.

Zillow’s ZIP page is currently showing about 605 results for 29588. Use both portals (and your agent’s MLS view) to triangulate what’s really available and what’s actually under contract.

New construction: still a big slice of choices

New-build listings and ‘to be built’ plans remain visible across 29588 on the big portals, including builder-marketed communities and plans (examples shown include national builders and higher-end communities). If you’re comparing new vs. resale, keep an eye on HOA dues, lot premiums, and what’s included (appliances, blinds, gutters, landscaping) because those line items can swing the real monthly payment.

What’s for sale nearby (no addresses)

Entry-level options: smaller condos, manufactured homes, and older resales can still appear below the mid-$200Ks, but condition and park/HOA rules vary a lot.
Move-in-ready resales: many 3–4 bedroom single-family listings cluster in the mid-$200Ks to mid-$300Ks, where price reductions and credits are most common when listings sit.
Higher-budget / new-build: ‘from the $400Ks’ new construction and larger homes are also in the mix, often competing on incentives rather than price cuts.

Mortgage-rate context

Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed average at 6.01% for the week ending 02/19/2026. Even small rate moves can change affordability in a payment-sensitive market like Myrtle Beach, so watch rate trends along with local inventory.

ServiceXTC local pros

We could not confirm any ZIP-29588-specific ServiceXTC directory pages in today’s automated pull, so we’re keeping this section lean. If you’re preparing a listing or negotiating repairs, prioritize quotes for roof, HVAC, plumbing, and pest/moisture items early so they don’t delay closing.

Question for locals: Are you seeing more price cuts, more multiple-offer situations, or more ‘wait-and-see’ buyers in 29588 right now?

Sources

https://www.realtor.com/realestateandhomes-search/29588
https://www.zillow.com/myrtle-beach-sc-29588/
https://www.freddiemac.com/pmms
https://www.unitedstateszipcodes.org/29588/