Myrtle Beach Condo vs. Single-Family Home: Price Gap, Days on Market, and What the Data Says in 2026

Market TrendsMyrtle Beach Real EstateBuyer ResourcesHorry County Housing

June 19, 2026

TL;DR: In Myrtle Beach, condos and single-family homes are moving in opposite price directions in 2026. Condos offer a significantly lower entry point but are sitting on the market longer and carrying nearly twice the inventory of single-family listings. The data shows two distinct markets — and knowing the difference matters before you make a move.

The Grand Strand's Two-Speed Housing Market

Buyers searching the Grand Strand in 2026 are navigating a market that has split into two very different lanes. Single-family home prices have held relatively steady — even ticking upward in some submarkets. Meanwhile, condo prices across the Coastal Carolinas region have softened noticeably, with inventory climbing and days on market stretching. That divergence creates distinct opportunities and trade-offs depending on what type of property you're considering.

Understanding those trade-offs — price, pace, and supply — is the starting point for any serious buyer evaluating Myrtle Beach condo vs. single-family home options in 2026.

Where Prices Stand Right Now

The price gap between the two property types is substantial and widening.

According to CCAR MLS data (April 2026), the median sales price for single-family homes in the Myrtle Beach area (ZIP codes 29572 and 29577) came in at $478,000 for April 2026 — down 10.2% from April 2025 but tracking a year-to-date median of $527,000. That year-over-year softening reflects a mix of higher inventory and buyers recalibrating expectations at the upper end of the price range.

Condo pricing tells a different story at the same location. The median condo sales price in Myrtle Beach reached $208,500 in April 2026 — down 12.4% compared to April 2025, with a year-to-date median of $200,000. That's less than 38 cents on the dollar compared to the single-family median.

When you zoom out to the full Coastal Carolinas market, the regional 12-month rolling median (May 2025 through April 2026) shows single-family homes at $365,000 — up 1.4% — while condos came in at $235,000, down 4.1%, according to CCAR Monthly Indicators (April 2026). Condo prices have declined in nine of the last twelve months on a rolling basis.

The price gap is not new, but its trajectory is. Single-family prices across Horry County held flat at $310,000 for 2025 — unchanged from 2024 — per the CCAR 2025 Annual Report. Condo prices across the entire Coastal Carolinas market fell 3.7% over the same period, compared to a 1.4% gain for single-family homes.

How Long Are Properties Sitting?

Condos are staying on the market noticeably longer — and that gap is growing.

According to CCAR Monthly Indicators (April 2026), the 12-month average days on market for single-family homes across the Coastal Carolinas region is 124 days. For condos, that figure is 133 days — a difference of nine days that compounds over time when a buyer is trying to close efficiently.

At the city level, the picture is more pronounced. In Myrtle Beach specifically (April 2026 Local Market Update), single-family homes averaged 117 days on market in April — down 5.6% from a year earlier. Condo units averaged 142 days — essentially unchanged year-over-year, with a year-to-date figure of 143 days.

North Myrtle Beach offers a useful contrast. Single-family homes there averaged 134 days in April 2026, up from 106 in April 2025. But condos moved faster in that submarket — averaging 121 days — reflecting the North Myrtle Beach area's different buyer mix, where condo demand is comparatively stronger. Condo market share in North Myrtle Beach stood at 55.4% in 2025, versus 73.3% in Myrtle Beach proper, per the CCAR 2025 Annual Report.

The takeaway for buyers: in Myrtle Beach's primary ZIP codes, condos are generally sitting longer. That creates more room for negotiation — but it also signals the market is working through supply at a slower pace.

What the Inventory Numbers Reveal

Supply is the underlying driver of everything above.

As of April 2026, the Coastal Carolinas market carried 4.3 months of supply for single-family homes — down 4.4% from April 2025. For condos, supply sat at 8.1 months — flat year-over-year but more than double the single-family figure, according to CCAR Housing Supply Overview (April 2026).

In Myrtle Beach's core ZIP codes, active condo inventory stood at 1,475 units as of April 2026, up 5.8% from a year earlier. Single-family inventory totaled 308 homes — up 12.0%, but a fraction of the condo supply in raw numbers.

Those inventory figures explain why condo prices are under more pressure. At 8.1 months of supply, condos are technically in buyer's market territory. Single-family homes, at 4.3 months, remain closer to balanced market conditions — which is one reason pricing has been more resilient.

The CCAR Housing Supply Overview (April 2026) also shows that condo days on market across all price ranges averaged 133 days region-wide in April 2026, compared to 124 days for single-family. The largest gap appeared in the $500,001–$750,000 condo tier, where supply reached 9.9 months — up 45.6% year-over-year.

Myrtle Beach Area: Condo vs. Single-Family at a Glance — April 2026

Source: CCAR MLS Local Market Update, April 2026 & Monthly Indicators, April 2026

  
       Metric Single-Family (MB) Condo/Townhouse (MB) 
  April 2026 Median Sales Price $478,000 $208,500 
 YTD Median Sales Price (Thru 4-2026) $527,000 $200,000 
 April 2026 Days on Market 117 days 142 days 
 Active Inventory (April 2026) 308 homes 1,475 units 
 Months Supply (Region, April 2026) 4.3 months 8.1 months 
 Pct. of List Price Received (YTD) 96.2% 94.6% 
 YoY Price Change (April 2026) -10.2% -12.4% 
  
  

Metric	Single-Family (MB)	Condo/Townhouse (MB)
April 2026 Median Sales Price	$478,000	$208,500
YTD Median Sales Price (Thru 4-2026)	$527,000	$200,000
April 2026 Days on Market	117 days	142 days
Active Inventory (April 2026)	308 homes	1,475 units
Months Supply (Region, April 2026)	4.3 months	8.1 months
Pct. of List Price Received (YTD)	96.2%	94.6%
YoY Price Change (April 2026)	-10.2%	-12.4%

Source: CCAR MLS Local Market Update and Monthly Indicators, April 2026. Myrtle Beach ZIP codes 29572 and 29577.

What Buyers Are Actually Choosing — and Why

Nationally, buyer behavior reinforces the dominance of single-family homes. According to the NAR 2025 Profile of Home Buyers and Sellers, detached single-family homes accounted for 76% of all purchases in the survey period (July 2024–June 2025). Condos and duplex/apartment units combined made up just 9% of purchases.

Buyers who chose single-family homes most often cited better overall value (32%) and better price (29%), per NAR (2025). Buyers who opted for new construction — which skews heavily toward single-family in the Grand Strand — were primarily motivated by avoiding renovation concerns (43%) and the ability to customize design features (22%).

That last point matters for anyone evaluating a newly built single-family home against an existing condo in Horry County. The ability to choose finishes, floor plans, and energy systems isn't available in a resale condo — and construction cost data from NAHB (January 2025) shows that finished construction costs average roughly 64% of the final sale price of a new single-family home, meaning buyers get a significant share of value from the physical structure itself.

For buyers weighing a lower entry price in the condo market, it's worth understanding what the data in Myrtle Beach currently shows: condos are selling at lower percentages of list price (94.6% year-to-date vs. 96.2% for single-family), sitting longer, and carrying far more competition among sellers. That supply dynamic can benefit a prepared buyer — but it also reflects real underlying demand differences between the two property types.

Making sense of these numbers is half the work — knowing which property type aligns with your goals is the other half. Whether you're evaluating a condo entry point, thinking through the long-term case for a single-family home, or exploring new construction in the Grand Strand, the specifics of your situation matter as much as the market data. If you'd like to talk through what the numbers mean for your search, reach out to the team at Carolina Crafted Homes.

FAQ

Q: What is the median price of a condo in Myrtle Beach in 2026?
The median sales price for a townhouse or condo in Myrtle Beach (ZIP codes 29572 and 29577) was $208,500 in April 2026, according to CCAR MLS data. The year-to-date median through April 2026 was $200,000 — down 12.3% from the same period in 2025. Prices vary by submarket, floor, unit size, and amenities, so individual listings can fall well above or below this figure.

Q: Are condos or single-family homes selling faster in Myrtle Beach right now?
Single-family homes are moving faster. In April 2026, single-family homes in Myrtle Beach averaged 117 days on market, while condos averaged 142 days, per CCAR MLS. Region-wide, the 12-month averages are 124 days for single-family and 133 days for condos. More condo supply means sellers face more competition, and buyers typically have more time to evaluate options.

Q: How much inventory is there for condos vs. single-family homes in Myrtle Beach?
The inventory gap is significant. As of April 2026, Myrtle Beach had 1,475 active condo listings compared to 308 single-family homes, according to CCAR MLS. At the regional level, condos carry 8.1 months of supply versus 4.3 months for single-family homes — more than double. A supply level above six months generally indicates conditions that favor buyers in that segment.

Q: Why are condo prices falling faster than single-family prices in the Grand Strand?
The primary driver is supply. Condo inventory in the Coastal Carolinas has grown significantly, with the condo segment seeing its supply increase 35% from 2024 to 2025 before stabilizing, per CCAR data. When there are more units competing for buyers, prices tend to soften. Single-family supply, while up modestly, remains tighter — which has provided more price support in that segment.

Q: Is the price gap between condos and single-family homes in Myrtle Beach unusual?
The gap has existed for years but has widened recently. In 2021, the regional 12-month median was $299,000 for single-family homes and $170,000 for condos. By 2025, those figures were $365,000 and $239,000, respectively — per the CCAR 2025 Annual Report. Both property types appreciated substantially, but the spread has grown as condo prices softened in 2025 and into 2026 while single-family prices held firmer.

Q: What percentage of buyers nationally choose single-family homes over condos?
According to the NAR 2025 Profile of Home Buyers and Sellers, 76% of recent buyers purchased detached single-family homes. Condos and apartments in buildings with five or more units accounted for about 5% of purchases, with duplex/apartment units in smaller buildings adding another 5%. The strong preference for single-family homes nationally is consistent with what the Myrtle Beach data shows in terms of demand and pricing resilience.