Published By: Beckham Realty Group, Inc. October 26, 2017

If you want to get a better idea which areas of the Grand Strand are best for buying and/or selling right now and what media prices have been recently, here’s a summary of Zillow’s most recent data covering the Summer months up to September. The data includes primary areas of the Grand Strand as far South as Pawleys Island, West to Conway, Murrells Inlet, and Myrtle Beach.

Conway

Conway Home Values: The Conway Market is the hottest market right now. The median home value over the past year to date was $146,900, which is up 1.5% in the past year and is predicted to rise another 2.7% over the next year.

Conway Listing Prices: The median listing price for a home in Conway (including all home types) was $177,900 over the past 12 months. In June, July & August the median listing price stayed the same at $179,000. The average listing price per square foot was $92.

Conway Rental Prices:  The average for rent in June was $1258, $1263 in July and $1273 in August.

Myrtle Beach

Myrtle Beach Home Values: The Myrtle Beach Market is fairly neutral for buyers and sellers. The median home value over the past year to date was $119,900 which is up 2.8% in the past year and is predicted to rise another 1.2% over the next year.

Myrtle Beach Listing Prices: The median listing price for a home in Myrtle Beach over the past year was $164,900. In June and July the median listing price remained at $164,000 & August it dropped slightly down to $162,000. The average listing price per square foot was $151.

Myrtle Beach Rental Prices:  The average for rent in June was $1053, $1065 in July and $1083 in August.

Murrells Inlet

Murrells Inlet Home Values: The Murrells Inlet area was the least active, however continues to show to most growth potential of all areas on the Grand Strand. The median home value over the past year to date was $213,400, which is up 3.1% in the past year and is predicted to rise another 3.8% over the next year.

Murrells Inlet Listing Prices: The median listing price for a home in Murrells Inlet  was $213,400 over the past 12 months. In June, the median list price was $269,00, and in July and August it was $265,000. The average listing price per square foot was $139.

Murrells Inlet Rental Prices:  The average for rent in June was $1393, $1387 in July and $1382 in August.

Pawleys Island

Pawleys Island Home Values: The Paweys Island Market is very healthy.  The median home value over the past year to date was $279,400 which is up 2.9% in the past year and is remaining steady.

Pawleys Island Listing Prices: The median listing price for a home in Pawleys Island was $369,900 over the past 12 months. In June the median listing price was $370,000, July was $369,000 and August rose to $372,000. The average listing price per square foot was $183.

Pawleys Island Rental Prices:  The average for rent in June was $1676, $1681 in July and $1683 in August.

Summary

As of the Summer months, all main areas of the Grand Strand have seen home values rise year to date, with the strongest home value rise in Murrells Inlet and the strongest prediction for rising values also in Murrells Inlet for the upcoming year. Pawleys Island remains a healthy yet higher-end market while both Conway and Myrtle Beach remain very affordable, with Conway being the most popular recently. All areas of the strand are expected to see a rise in home values, and compared the cost in renting, it is much more affordable to buy compared to rent.

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