Myrtle Beach, SC Foreclosures
How much do homes sell for in Myrtle Beach, SC?
The average home price is currently $397,068.
In Myrtle Beach, SC, how many homes are available?
There are currently 37 active home listings available in Myrtle Beach.
What’s the average rental cost in Myrtle Beach, SC?
The average rental price in Myrtle Beach is $1,311.
What is the most expensive home in Myrtle Beach?
The most expensive home sold in Myrtle Beach had a price of $78,620,748.
What is currently the cheapest priced home in Myrtle Beach, SC?
The cheapest home for sale in Myrtle Beach is priced at $10,005.
Living in Myrtle Beach, SC
Myrtle Beach is a popular coastal town known for its beautiful beaches, vibrant entertainment scene, and abundance of outdoor activities. With a welcoming atmosphere, it offers a mix of family-friendly attractions and nightlife. The area boasts a rich array of dining options, from fresh seafood to international cuisine, making it a culinary hotspot.
Current Market Conditions in Myrtle Beach, SC
The Myrtle Beach real estate market has seen a significant uptick in demand over the past few years, driven by both local and out-of-state buyers seeking vacation homes and retirement properties. The allure of the beach lifestyle contributes to a competitive market, where properties are often sold quickly, sometimes for above asking price.
Currently, the market is characterized by low inventory levels, leading to increased property prices. However, interest rates have stabilized, encouraging buyers to continue entering the market. Developers are beginning to respond to this demand, with new housing projects underway to alleviate the inventory crunch.
Home Value Estimator For Myrtle Beach, SC
There are currently 91,022 real estate properties
in Myrtle Beach, SC,
with a median automated valuation model (AVM) price
of $305,464.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Myrtle Beach, SC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Myrtle Beach, SC,
is $397,068.00, with the most expensive house
in Myrtle Beach, SC, topping out
at $78,620,748.00 and the cheapest home
in Myrtle Beach, SC,
clocking in at $10,005.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Myrtle Beach, SC!
Rent Prices
In Myrtle Beach, SC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Myrtle Beach, SC, is on
a rollercoaster ride. The
average rent price in Myrtle Beach, SC,
is $1,311.00. Indeed, when looking to rent in
Myrtle Beach, SC, you can expect to pay as little
as $560.00 or as much
as $3,360.00,
with the average rent median estimated to
be $1,240.00. The good news is that finding
an affordable and desirable property to rent in Myrtle Beach, SC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
