South Carolina Coastal Real Estate Market Update: Single-Family Prices Stabilize as Condo Inventory Rises

South Carolina’s coastal real estate market is moving in two directions this fall. Along the Grand Strand in Horry County, single-family home prices are holding steady while condominium inventory continues to climb, giving buyers more choices than they have had in several years.

Data from the Coastal Carolinas Association of Realtors through September 2026 shows the median sale price for single-family homes in the Myrtle Beach area remaining essentially flat year-over-year, near $397,000. Closed sales have risen in recent months, and months of supply have tightened into the mid-4 range—the lowest fall inventory levels for detached homes in several years. Well-located single-family properties continue to attract solid interest.

The condominium side of the market looks different. Median condo prices have fallen roughly 8 percent year-over-year in recent monthly figures, landing in the low-to-mid $200,000s. Inventory often exceeds 8 months of supply, and closed sales have softened. The result is greater selection and more negotiating room for buyers focused on condos and townhomes.

Jerry Pinkas, Broker-in-Charge of Jerry Pinkas Real Estate Experts in Myrtle Beach, says the contrast is shaping how buyers approach the market. “This is a market of choices rather than urgency for many people right now,” he said. “Single-family homes in stronger demand areas are still holding their value with tighter inventory, while condos are giving buyers more leverage and options. Buyers researching the best neighborhoods in Myrtle Beach will find that location still drives the difference between the two segments.”

The split comes at a time when many out-of-state buyers, particularly retirees, continue to weigh the Grand Strand against higher-cost markets in Florida and elsewhere. South Carolina’s tax structure remains a draw: Social Security benefits are fully exempt from state income tax, residents 65 and older can claim meaningful retirement and age-based deductions, and the homestead exemption removes the first $50,000 of fair market value from property taxes on a primary residence.

Higher mortgage rates in recent weeks have cooled some activity and produced more price reductions, yet they have not eliminated the underlying appeal of the coast. New construction remains active in several Horry County communities, offering lower-maintenance options for downsizers, while the larger pool of resale listings gives buyers more properties to compare than in the peak years of recent memory.

“The numbers don’t tell one simple story,” Pinkas said. “Success in this market comes from understanding the difference between single-family and condo dynamics, along with the practical details that matter to relocators—HOA fees, flood zones, insurance costs, and neighborhood specifics. The buyers who do well are the ones who get clear, local information rather than relying on national headlines.”

For many people exploring Myrtle Beach’s top  neighborhoods, current conditions mean the decision rests less on rushing to beat competition and more on matching a specific property type and location to long-term plans. Single-family homes in tighter inventory pockets still require realistic pricing and quick decisions, while the condo market offers more room to evaluate options carefully.