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Myrtle Beach

Why you'd want to live in Myrtle Beach

Although it's better known to outsiders as a vacation hot spot for beachgoers and golfers, Myrtle Beach, South Carolina, is also an attractive place to live for a number of reasons. Young professionals, growing families and empty nesters who are drawn to the area's mild weather and beaches set down roots here and enjoy the area's relatively low cost of living. As a popular vacation destination, Myrtle Beach offers a high number of job opportunities for those in the tourism and hospitality industries. But even if their professions don't revolve around the region's visitors or transplants, Myrtle Beach residents benefit from living in a tourist haven. Those who live here have access to quality restaurants, a variety of leisure activities and a jam-packed events calendar. Residents also profit from the area's pro-business atmosphere, propagated by low income taxes and numerous incentives for growing companies. These perks make Myrtle Beach a great place to start a small business. via realestate.usnews.com

Myrtle Beach Market Report

$424,590

AVERAGE PRICE OF 3,711 HOMES

$319,900

AVERAGE PRICE OF 6 DISTRESSED HOMES

$2,109,884

AVERAGE PRICE OF 177 MULTI-MILLION DOLLAR HOMES

$519,679

AVERAGE PRICE OF 749 NEWLY BUILT HOMES

$397,070

AVERAGE PRICE OF 2,598 HOMES WITH A POOL

$375,859

AVERAGE PRICE OF 170 REDUCED PRICE HOMES

Average Home

Average Price $424,590
Avg Bedrooms 2.42 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $186,390
2 bedrooms $267,673
3 bedrooms $397,551
4 bedrooms $620,576
5 bedrooms $872,131
Myrtle Beach Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 3,747 3,954 3,940 3,901 3,892
Average Price $420,625 $413,169 $441,001 $405,091 $406,198
Avg Price Change +1.80% -6.74% +8.86% -0.27% -2.06%
Median Price $310,125 $314,859 $319,061 $320,738 $321,518
Med Price Change -1.53% -1.33% -0.53% -0.24% -1.12%
Avg Bedrooms 2.41 beds 2.43 beds 2.44 beds 2.44 beds 2.43 beds
Avg Bathrooms 2.12 baths 2.13 baths 2.13 baths 2.13 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Myrtle Beach High School 1,711 $402,907 141 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,711 $424,590 129 days
Distressed Homes 6 $319,900 93 days
Multi-Million Dollar Homes 177 $2,109,884 202 days
Newly Built Homes 749 $519,679 128 days
Homes with a Pool 2,598 $397,070 119 days
Reduced Price Homes 170 $375,859 98 days

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Innovate Real Estate - The DeForrest Team
Juliann DeForrest
1309 Professional Drive
Myrtle Beach, SC 29579
732-770-7784
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Jason King
3103 S Highway 17 Business, Unit E3
Murrells Inlet, SC 29576
(843) 467-5353

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