If you have been tracking the Myrtle Beach market, February 2026 showed a more balanced environment than many buyers and sellers saw over the last few years. In our latest video, we discussed how inventory has shifted, how pricing is behaving differently by property type, and why the Grand Strand now looks more like a collection of micro-markets than one uniform market. Regional data supports that view: Coastal Carolinas single-family inventory stood at 4.0 months in February, while condo inventory reached 7.6 months, and the median sales price came in at $350,000 for single-family homes and $220,000 for condos. Freddie Mac also reported the average 30-year fixed mortgage rate at 6.38% on March 26, 2026, which continues to shape affordability and monthly payment decisions.
In our discussion, we focused on one main point: the numbers vary a lot by location and housing type. That matters in Myrtle Beach, where detached homes and condos are behaving differently, and it matters across nearby areas like Carolina Forest and North Myrtle Beach as well.
Myrtle Beach and Carolina Forest numbers
The clearest way to see the current market is to compare a few important local areas side by side. Myrtle Beach single-family homes posted a February 2026 median sales price of $505,000, while Myrtle Beach townhouse-condo median price was $185,000. Carolina Forest showed a different pattern, with single-family median price rising to $442,500 while townhouse-condo median price slipped to $205,000.
February 2026 local snapshot
| Area | Property Type | Median Price | Closed Sales | Days on Market | Inventory |
|---|---|---|---|---|---|
| Myrtle Beach (29572, 29577) | Single-Family | $505,000 | 41 | 101 | 284 |
| Myrtle Beach (29572, 29577) | Townhouse/Condo | $185,000 | 147 | 135 | 1,380 |
| Carolina Forest Area 10B | Single-Family | $442,500 | 55 | 140 | 258 |
| Carolina Forest Area 10B | Townhouse/Condo | $205,000 | 21 | 155 | 200 |
| North Myrtle Beach (29582) | Single-Family | $540,000 | 43 | 124 | 307 |
| North Myrtle Beach (29582) | Townhouse/Condo | $329,995 | 52 | 130 | 574 |
These tables help explain what we covered in the video. Myrtle Beach condos had much deeper inventory than single-family homes, while Carolina Forest showed stronger pricing on detached homes and more softness on attached product. North Myrtle Beach was one of the stronger pricing areas in February, which is why broad market headlines can miss what is actually happening at the neighborhood level.
Grand Strand market update
The broader Coastal Carolinas region points to a market that is giving buyers more choices without producing the same outcome in every category. In February 2026, single-family closed sales rose 0.9% year over year to 700, while condo closed sales fell 2.2% to 363. Median sales price declined 1.8% to $350,000 for single-family homes and 6.0% to $220,000 for condos, while days on market rose to 134 for both property types.
Coastal Carolinas February 2026 market metrics
| Metric | Single-Family | Condo |
|---|---|---|
| New Listings | 1,267 | 763 |
| Pending Sales | 911 | 438 |
| Closed Sales | 700 | 363 |
| Median Sales Price | $350,000 | $220,000 |
| Average Sales Price | $427,942 | $250,667 |
| Days on Market | 134 | 134 |
| Percent of List Price Received | 96.8% | 95.0% |
| Housing Affordability Index | 88 | 140 |
| Inventory of Homes for Sale | 3,699 | 3,130 |
| Months Supply of Inventory | 4.0 | 7.6 |
That inventory split is one of the biggest takeaways. A 4.0-month supply for single-family homes is much closer to a balanced environment, while 7.6 months for condos gives buyers more leverage on price, concessions, and timing. That matches the point we made in our discussion: the attached market is generally more negotiable right now than many detached segments across the Grand Strand.
Another useful measure is where demand is showing up by price point. Over the 12-month period ending in February 2026, pending sales in the Coastal Carolinas region rose 2.0% overall, and the strongest gain came in the $150,000-and-below range, up 18.6%. Single-family homes posted the strongest property-type pending-sales growth at 3.3%, while condos were down 0.9%.
Coastal Carolinas 12-month trend highlights
| Category | February 2026 Reading |
|---|---|
| Overall Pending Sales Change | +2.0% |
| Strongest Pending Sales Price Range | $150,000 and below |
| Pending Sales Gain in That Range | +18.6% |
| Strongest Property Type for Pending Sales | Single-Family Homes |
| Single-Family Pending Sales Change | +3.3% |
| Condo Pending Sales Change | -0.9% |
| Months of Inventory, Single-Family | 4.0 |
| Months of Inventory, Condo | 7.6 |
What the numbers mean for buyers and sellers
For buyers, the data shows more room to compare homes and negotiate in several parts of the market. Condo inventory is higher, days on market are longer, and our video also noted that new construction buyers in the Grand Strand saw builder closing-cost assistance ranging from $600 to $24,000 in February, with new construction homes closing at an average of $397,000. That does not mean every listing is negotiable to the same degree, but it does mean buyers have better visibility into options than they did during tighter inventory periods.
For sellers, pricing strategy matters more than it did when supply was tighter. In Myrtle Beach, single-family homes received 94.6% of list price on average in February, while townhouse-condo properties received 93.4%; in Carolina Forest, those figures were 96.3% and 97.3% respectively. Regional figures were 96.8% for single-family homes and 95.0% for condos, which suggests that correctly priced homes can still move, but buyers are more selective and less likely to overlook condition or overpricing.
National context still matters because it affects affordability and buyer confidence. NAR reported existing-home sales at a 4.09 million seasonally adjusted annual rate in February 2026, with a median price of $398,000 and 3.8 months of inventory. Zillow reported South Carolina’s typical home value at $300,562, down 0.2% over the prior year through February 2026, which points to a state market that is relatively steady while coastal submarkets move at different speeds.
Carolina Crafted Homes stays current on Myrtle Beach market trends and can answer questions about the Myrtle Beach housing market update. Reach out anytime for guidance—no pressure, just straightforward expertise.
FAQS
What do the latest Myrtle Beach housing numbers show?
February 2026 data showed Myrtle Beach single-family median price at $505,000, with 41 closed sales and 284 active listings, while townhouse-condo median price was $185,000, with 147 closed sales and 1,380 active listings. That inventory difference is one reason condos are feeling more buyer-friendly than detached homes in the same market.
Is Carolina Forest moving the same way as Myrtle Beach?
Not exactly. Carolina Forest single-family median price rose to $442,500 in February 2026, while townhouse-condo median price fell to $205,000. That split supports the idea we discussed in our video: detached homes and attached properties are not moving in sync, even within nearby Grand Strand areas.
Are condos softer than single-family homes right now?
In many areas, yes. Regional condo inventory reached 7.6 months in February 2026 compared with 4.0 months for single-family homes, and condo median price fell 6.0% year over year to $220,000. Single-family median price also declined, but by a smaller 1.8%, which points to more pricing pressure in the condo segment.
What did we cover in our latest market video?
In our latest video, we discussed how February 2026 numbers are shaping buyer and seller conditions across Myrtle Beach, Carolina Forest, oceanfront condos, and new construction. The main takeaway was that the Grand Strand is acting like a set of micro-markets, so the right strategy depends on the exact area and property type.
Are mortgage rates still affecting the market?
Yes. Freddie Mac reported the average 30-year fixed mortgage rate at 6.38% on March 26, 2026. Higher borrowing costs are still shaping monthly payment decisions, which is one reason affordability, concessions, and pricing discipline remain central parts of the market discussion.
