Myrtle Beach Housing Market Update: August 2026
The Myrtle Beach housing market continues to show signs of overall stability in August, but the numbers become much more interesting when we look at individual property types.
As of August 14, 2026, the overall market remained at 5.3 months of inventory, with a $325,000 median price and 101 median days on market.
Those headline numbers suggest a market that is relatively balanced. However, buyers and sellers should not assume every segment of the Myrtle Beach market is behaving the same way.
New construction currently has considerably less inventory, while condos and townhomes offer buyers substantially more selection. Single-family resale homes continue to fall somewhere in between.
Want to see how these numbers translate into actual properties? Search Myrtle Beach homes currently for sale, or schedule a consultation with Beach Properties Group to discuss your specific search.
Overall Myrtle Beach Market
As of August 14, the overall Myrtle Beach market showed:
Inventory: 5.3 months
Median Days on Market: 101 days
Median Price: $325,000
Median Showings Before Pending: 7
Absorption Rate: 19.7%
The overall market changed very little from July.
In July, Myrtle Beach also had 5.3 months of inventory and a $325,000 median price. Median days on market improved from 106 days in July to 101 days in August, while the typical number of showings before going pending remained unchanged at seven.
The more notable change occurred in the absorption rate, which declined from 22.4% in July to 19.7% in August.
That suggests available inventory is being absorbed somewhat more slowly than it was during the previous reporting period, even though overall pricing and inventory levels remained steady.
Myrtle Beach Market Compared With Recent Months
Looking beyond a single month helps put the current market into perspective.
Overall inventory has stayed within a remarkably narrow range:
April: 5.4 months
May: 5.5 months
June: 5.4 months
July: 5.3 months
August: 5.3 months
Median prices have also remained relatively stable:
April: $315,000
May: $328,999
June: $323,400
July: $325,000
August: $325,000
That consistency is important.
Rather than showing a major shift upward or downward, the broader Myrtle Beach market appears to have settled into a relatively stable range during the spring and summer of 2026.
Broader metro-level listing data supports that picture. Realtor.com data published through the Federal Reserve Bank of St. Louis showed a $318,750 median listing price for the Myrtle Beach-Conway-North Myrtle Beach metro in July, compared with $319,900 in June, May and approximately $320,000 in April.
The same broader metro dataset reported approximately 5,898 active listings in July, compared with 6,143 in June and 5,911 one year earlier.
Different data sources use different geographic boundaries and methodologies, so the figures will not match our local market snapshot exactly. Together, however, they reinforce the same general conclusion: the broader Myrtle Beach market has been relatively stable rather than experiencing a dramatic swing.
Single-Family New Construction
New construction remains one of the tighter segments of the Myrtle Beach market.
August 2026
Inventory: 3.0 months
Median Days on Market: 125 days
Median Price: $368,689
Median Showings Before Pending: 3
Absorption Rate: 29.9%
July 2026
Inventory: 3.0 months
Median Days on Market: 128 days
Median Price: $344,000
Median Showings Before Pending: 2
Absorption Rate: 39.0%
Inventory remained unchanged at just three months, while the median price increased from $344,000 to $368,689.
Median days on market improved slightly from 128 to 125 days, and the typical property received three showings before going pending compared with two the previous month.
The absorption rate, however, dropped considerably from 39.0% to 29.9%.
One important caution is that monthly new-construction median prices can be affected by the mix of communities, floor plans and price ranges represented in the month's transactions. The jump in median price should not automatically be interpreted as an across-the-board increase in new-home values.
What is clear is that three months of inventory represents a comparatively tight supply, especially when compared with other property types locally.
Single-Family Resale
The single-family resale market continues to look relatively balanced.
August 2026
Inventory: 4.9 months
Median Days on Market: 82 days
Median Price: $400,000
Median Showings Before Pending: 9
Absorption Rate: 23.7%
July 2026
Inventory: 5.0 months
Median Days on Market: 89 days
Median Price: $401,000
Median Showings Before Pending: 8
Absorption Rate: 23.7%
Inventory tightened slightly from 5.0 to 4.9 months, while median days on market improved from 89 to 82 days.
Pricing was essentially unchanged, with the median moving from $401,000 to $400,000.
The absorption rate remained exactly the same at 23.7%, while median showings increased from eight to nine.
Of all the market segments, single-family resale currently provides one of the clearest examples of a relatively balanced market. Buyers have choices, but there is not an extreme oversupply of homes.
If you're actively considering a purchase, view current Myrtle Beach homes for sale here.
Townhomes and Condos
The condo and townhome market continues to stand apart from single-family housing.
August 2026
Inventory: 7.6 months
Median Days on Market: 104 days
Median Price: $232,000
Median Showings Before Pending: 5
Absorption Rate: 14.3%
July 2026
Inventory: 7.5 months
Median Days on Market: 102 days
Median Price: $244,945
Median Showings Before Pending: 6
Absorption Rate: 15.4%
Inventory increased slightly from 7.5 to 7.6 months, while median days on market increased from 102 to 104 days.
The median price declined from $244,945 to $232,000, and the median number of showings before pending decreased from six to five.
The absorption rate also declined from 15.4% to 14.3%.
With more than seven months of available inventory, condo and townhome buyers generally have substantially more selection than buyers shopping for single-family homes.
That may create additional negotiating opportunities, but conditions can vary significantly by development and building.
Oceanfront condos, short-term-rental properties, primary residences and traditional townhomes should not automatically be treated as one market. HOA costs, insurance, rental restrictions, building condition and location can all materially affect demand.
Manufactured and Modular Homes
Manufactured and modular homes experienced some of the most significant month-to-month movement.
August 2026
Inventory: 7.4 months
Median Days on Market: 113 days
Median Price: $204,000
Median Showings Before Pending: 8
Absorption Rate: 14.8%
July 2026
Inventory: 7.8 months
Median Days on Market: 93 days
Median Price: $175,000
Median Showings Before Pending: 4
Absorption Rate: 15.8%
Inventory improved from 7.8 to 7.4 months, but median days on market increased sharply from 93 to 113 days.
The median price increased from $175,000 to $204,000, while median showings before pending doubled from four to eight.
Because this segment contains fewer transactions and a wide variety of property types, monthly median-price changes can be particularly sensitive to the specific homes sold during the reporting period.
The numbers should therefore be viewed as a market snapshot rather than evidence that every manufactured or modular property increased substantially in value.
What Does This Mean for Myrtle Beach Buyers?
For buyers, August continues to provide opportunities, but negotiating leverage depends heavily on what type of property you are buying.
A condo buyer looking at a market with 7.6 months of inventory may encounter a very different negotiating environment than someone purchasing new construction with only 3.0 months of inventory.
The broader market offers more opportunity to compare homes than buyers had during the severe inventory shortages several years ago.
That means buyers can pay closer attention to:
Property condition
Location
HOA costs
Insurance
Seller motivation
Days on market
Comparable sales
Recent price reductions
Overall monthly payment
At the same time, buyers should not assume that every seller will accept a substantial discount. Properly priced homes in desirable communities can still receive significant interest.
What Does This Mean for Myrtle Beach Sellers?
For sellers, the August numbers reinforce one of the most important principles in today's market: pricing matters from the beginning.
Buyers have enough inventory that they can compare your property with several alternatives.
Homes that are priced appropriately, presented well and marketed effectively are in a much stronger position to attract serious buyers.
Properties that enter the market significantly above comparable sales may accumulate additional days on market and eventually require a price adjustment.
This is particularly important in property segments where inventory is higher.
A seller competing against more than seven months of condo inventory faces a very different market than a new-construction builder operating in a three-month inventory environment.
If you're considering selling and want to discuss how the numbers apply to your individual property or community, schedule a consultation with Beach Properties Group.
Is Myrtle Beach a Buyer's or Seller's Market?
There really is not one answer for the entire Myrtle Beach market.
At 5.3 months of overall inventory, the market is relatively balanced.
But once we break the numbers apart:
New Construction: 3.0 months
Tighter inventory and stronger conditions for sellers and builders.
Single-Family Resale: 4.9 months
Relatively balanced, with buyers having choices but sellers still competing in a healthy market.
Townhomes and Condos: 7.6 months
Greater selection and generally more negotiating leverage for buyers.
Manufactured and Modular: 7.4 months
Higher inventory, although conditions can vary considerably from one property to another.
This is why broad statements such as "it's a buyer's market" or "it's a seller's market" can be misleading.
Real estate is local, and even within Myrtle Beach, the market can change substantially from one community, property type and price range to another.
The Bottom Line for August 2026
The Myrtle Beach market continues to show stability overall with significant differences underneath the headline numbers.
Overall inventory held at 5.3 months. The median price remained at $325,000. Median days on market improved slightly from July.
New construction continues to operate with relatively low inventory. Single-family resale remains balanced. Condo and townhome buyers continue to have considerably more selection.
For both buyers and sellers, that means understanding the specific segment of the market matters more than relying on one citywide statistic.
Whether you're planning a move now or simply researching the area, you can search Myrtle Beach homes currently available or schedule a consultation with Beach Properties Group to discuss your goals.
Have Questions About the Myrtle Beach Market?
Every neighborhood, community and property type is different. If you're considering buying, selling or relocating to the Grand Strand, we can help you understand how today's market conditions apply to your specific situation.
Brian Staub
Beach Properties Group Keller Williams
601 21st Ave N
Myrtle Beach, SC 29577
Phone: (843) 385-6630
Email:[email protected]
Website:BeachPropertiesGroup.com
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