North Myrtle Beach Housing Market: Q1 2026 Snapshot
As we wrap up the first quarter of 2026, the North Myrtle Beach real estate scene is telling two very different stories depending on what you’re looking to buy. North Myrtle Beach (specifically the 29582 zip code) is seeing some unique shifts that buyers and sellers should keep an eye on.
If you’re planning a move to the coast this Spring, here is the breakdown of the numbers from our local Board of Realtors (CCAR).
The Big Numbers: Q1 2026 at a Glance
The market has transitioned from the "frenzy" of previous years into a more calculated, price-sensitive environment.
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Metric
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Single-Family Homes
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Condos & Townhomes
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Median List Price
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~$445,000
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~$280,000
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Avg. Days on Market
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87–120 Days
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120–140 Days
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Inventory Levels
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~4.7 Months (Balanced)
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~8.1 Months (Buyer's Market)
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Price Trend (YoY)
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Slightly Up (+1.3%)
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Down (-12.9%)
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1. Single-Family Homes: Steady
Single-family homes in North Myrtle Beach remain the most resilient part of the market. While inventory has ticked up slightly (about 9.4% year-over-year), the demand for primary residences and second homes remains high.
- Pricing: The median list price is hovering around $445,000. While some areas saw slight dips, well-maintained homes in prime spots like Ocean Drive or Cherry Grove are still holding their value.
- Negotiation: Sellers still have a bit of an edge here with under 5 months of supply, but they can no longer "name their price." Homes that aren't priced correctly from day one are sitting for over 100 days.
2. The Condo Market: A Buyer's Market
If you’ve been waiting for a deal on a beach getaway, 2026 might be your year. The condo segment is currently facing some headwinds, primarily due to rising HOA fees and insurance costs.
- Inventory Surge: With over 8 months of supply, buyers have a massive amount of leverage.
- Price Adjustments: Median condo prices have seen a double-digit percentage drop compared to last year. This is a direct result of increased carrying costs such as HOA/Insurance, and special assessements, making some units less attractive to investors.
- Strategy: For buyers, this is the time to ask for closing cost credits or price reductions. For sellers, top condition, aggressive marketing and "spot-on" pricing are the only ways to stand out in a crowded field.
3. Interest Rates:
A major driver of activity this quarter has been the stabilization of mortgage rates. After years of volatility, 30-year fixed rates are currently sitting between 6.0% and 6.4%.
Whenever rates dip toward that 6% mark, we see a localized surge in "pending" sales on Zillow. Buyers who were sitting on the sidelines are finally jumping back in, realizing that the "3% days" aren't coming back, but 6% is manageable.
What’s Next for the Spring Season?
As we head into Q2, expect North Myrtle Beach to follow its usual seasonal pattern—more listings hitting the market as the weather warms up. However, the "easy sell" is gone. Success in this market now requires:
- For Sellers: Excellent condition and a realistic pricing strategy.
- For Buyers: Patience and the willingness to negotiate on those high-inventory condo units.
Ready to find that perfect beach home? Contact us today to get the lead on the best deals.