Real Estate Market Update for 29577 (Myrtle Beach, SC)
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 6% from one year earlier, and did not change from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 1%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 110-thousand dollars. The number of units sold decreased 19% year-over-year, and decreased 36% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 29577 (Myrtle Beach, SC)
Area Information for 29577 (Myrtle Beach, SC)
  • Population: 28,626
  • Median Age: 37.27 yr
  • Median Commute Time: 14.61 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 1,208/sq mi
  • Population Change Since 2000: 22.19%
  • Closest Airport: Myrtle Beach International
  • Closest College: Coastal Carolina University
  • Closest Jr. College: Horry-georgetown Technical Clg-conway
  • Median Household Income: $37,979
  • Annual Residential Turnover: 15.81%
  • Median Years in Residence: 2.47 yr
  • Median Home Sales Price: $103,950
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 9%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 29577 (Myrtle Beach, SC)
Median Age: 37.27 Married: 25% Number of Households: 11,918 Households with Children: 3,285
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 29577 (Myrtle Beach, SC)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Palmetto Academy Of Learning And Success Charter 2.6 mi Public K-8 4-5 4
      Chabad Academy 3.0 mi Private PRESCHOOL-10 0 5
      Myrtle Beach Primary School 3.0 mi Public PRESCHOOL-1 0 3
      Myrtle Beach High School 3.0 mi Public 9-12 3 3
      Myrtle Beach Elementary School 3.2 mi Public 2-3 2-5 4
      Myrtle Beach Intermediate School 3.3 mi Public 4-5 2 3
      Myrtle Beach Middle School 3.4 mi Public 6-8 2-5 4
      St Andrew Catholic School 3.5 mi Catholic K-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 29577 (Myrtle Beach, SC)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.