Real Estate Market Update for Myrtle Beach, SC
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was stable compared to one year earlier, and down 1% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold decreased 7% year-over-year, and increased 15% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 Myrtle Beach, SC
Area Information for Myrtle Beach, SC
  • Population: 28,481
  • Median Age: 38.46 yr
  • Median Commute Time: 14.07 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 1,221/sq mi
  • Population Change Since 2000: 18.38%
  • Closest Airport: Myrtle Beach International
  • Closest College: Coastal Carolina University
  • Closest Jr. College: Horry-georgetown Technical Clg-conway
  • Median Household Income: $37,856
  • Annual Residential Turnover: 15.73%
  • Median Years in Residence: 2.53 yr
  • Median Home Sales Price: $100,127
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 8%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Myrtle Beach, SC
Median Age: 38.46 Married: 27% Number of Households: 12,113 Households with Children: 3,121
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 Myrtle Beach, SC

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Bridgewater Academy Charter 2.0 mi Public K-8 3 4
      Chabad Academy 2.7 mi Private PRESCHOOL-10 0 5
      Palmetto Academy Of Learning And Success Charter 2.7 mi Public K-8 4-5 4
      Myrtle Beach Primary School 2.8 mi Public PRESCHOOL-1 0 3
      Myrtle Beach High School 2.8 mi Public 9-12 3 3
      Myrtle Beach Elementary School 2.9 mi Public 2-3 2-5 4
      Myrtle Beach Intermediate School 3.1 mi Public 4-5 2 3
      Myrtle Beach Middle School 3.2 mi Public 6-8 2-5 4
      Hostel Leadership Academy 3.2 mi Public - 0 0
      St. Andrews Catholic School 3.3 mi Catholic K-8 0 5
      Christian Academy 3.5 mi Private K-12 0 4
      Lakewood Elementary School 3.7 mi Public PRESCHOOL-5 4-5 4
      Forestbrook Elementary School 4.5 mi Public PRESCHOOL-5 4-5 5
      Forestbrook Middle School 4.8 mi Public 6-8 4-5 3
      Myrtle Beach Sda Christian School 5.0 mi Private 1-8 0 0
      Socastee High School 5.2 mi Public 9-12 4 4
      Socastee Elementary School 5.2 mi Public PRESCHOOL-5 4-5 4
      Calvary Christian School 5.3 mi Private PRESCHOOL-12 0 0
      Ocean Bay Middle School 5.8 mi Public 6-8 4-5 3
      Ocean Bay Elementary School 5.8 mi Public K-5 4-5 4
      Carolina Forest Elementary School 5.8 mi Public PRESCHOOL-5 4-5 4
      First Baptist Weeschool 5.9 mi Private PRESCHOOL-K 0 0
      Academy For Arts/science/technology 6.6 mi Public 9-12 0 5
      Burgess Elementary School 7.0 mi Public PRESCHOOL-5 5 5
      Palmetto Bays Elementary School 7.0 mi Public PRESCHOOL-5 4 4
      Carolina Forest High School 7.1 mi Public 9-12 3-5 3
      Carolina Forest Middle School 7.1 mi Public 6-8 0 0
      Learning Tree (the) 7.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      St. James Elementary School 8.6 mi Public PRESCHOOL-5 3-5 4
      St. James Middle School 8.8 mi Public 6-8 4-5 4
      Risen Christ Lutheran School 11.8 mi Private PRESCHOOL-11 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 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.