Last Updated on May 16, 2022 by Kathy Rukat Smith
In the Socastee Real Estate Market Report for April 2022 provided by Kathy Rukat Smith of Palmetto Coastal Homes, learn about the market trends. Socastee, like the rest of the Grand Strand, continues to be in a sellers’ market. The average price of homes and condos has risen while the inventory of homes and condos has decreased. I believe we will continue to see this trend through 2022. The graphs below show single-family home and condo/townhouse information for the month of April for Socastee. Information is provided by the Coastal Carolinas Association of REALTORSⓇ.
The Socastee Real Estate Market Report covers single family homes and condo/townhouses in the Socastee section of Horry County and other homes in the 29588 zip code. The Socastee Real Estate Market Report does not include manufactured homes, multi-family properties, land or commercial properties.
Socastee Single Family Home Market
One number that is used to determine if an area is in a sellers’ market or buyers’ market is the month’s supply of properties for sale. For April 2022, the single family market in Socastee had only a 0.8 month’s supply on homes for sale! Another important number for both buyers and sellers is the percent of list price compared to sold price. Socastee single family homes, on average, were sold at 100.2% of the list price.
Quick Facts:
- 141 New Listings – up 36.9%
- 99 Sold Listings – down 26.1%
- 85 Active Listings – down 3.4%
- 86 Average Days of Market – down 9.5%
- $353,619 is the Average Sales Price – up 38%
- $148 is the Average Dollars Per Square Foot – up 28.7%
Single Family Home Listings For Sale:
1322 Hidden Harbor Rd. Myrtle Beach, South Carolina
4 Beds 5 Baths 3,804 SqFt 0.220 Acres
Listed by: Exit Coastal Real Estate Pros
740 Enchantment Loop Myrtle Beach, South Carolina
5 Beds 4 Baths 2,972 SqFt 0.180 Acres
Listed by: Carolina One Real Estate-GS
7373 Guinevere Circle Myrtle Beach, South Carolina
3 Beds 2 Baths 1,576 SqFt 0.140 Acres
Listed by: CB Sea Coast Advantage MI
736 Enchantment Loop Myrtle Beach, South Carolina
4 Beds 3 Baths 2,549 SqFt 0.180 Acres
Listed by: Carolina One Real Estate-GS
Single Family Home Pending Listings:
2539 Ellerbe Circle Myrtle Beach, South Carolina
6 Beds 4 Baths 3,745 SqFt 0.430 Acres
Listed by: Realty ONE Group DocksideSouth
2700 Henagan Ln. Myrtle Beach, South Carolina
5 Beds 5 Baths 4,350 SqFt 0.600 Acres
Listed by: Coastal Tides Realty
836 Jeter Ln. Myrtle Beach, South Carolina
6 Beds 5 Baths 3,902 SqFt 0.440 Acres
Listed by: Realty ONE Group Dockside
6052 Renata Ln. Myrtle Beach, South Carolina
3 Beds 3 Baths 2,530 SqFt 1.200 Acres
Listed by: The Litchfield Company RE

Single Family Home Closed Listings:
6410 Sweet Gum Crescent Myrtle Beach, South Carolina
2 Beds 1 Baths 990 SqFt 0.140 Acres
Listed by: RE/MAX Executive
6594 Eagle Crescent Myrtle Beach, South Carolina
2 Beds 2 Baths 1,501 SqFt 0.100 Acres
Listed by: Realty ONE Group DocksideSouth
204 Sugar Tree Dr. Myrtle Beach, South Carolina
3 Beds 2 Baths 1,406 SqFt 0.230 Acres
Listed by: Beach & Forest Realty
660 Oyster Dr. Myrtle Beach, South Carolina
3 Beds 2 Baths 1,821 SqFt 0.180 Acres
Listed by: Beazer Homes LLC

Socastee Condo and Townhouse Market
The month’s supply and percentage of list price to sold price is slightly more on the condo and townhouse market. In the condo and townhouse market, properties are selling at 102% of the list price and the month’s supply of properties is down to 0.2 months.
Quick Facts:
- 19 New Listings – down 13.6%
- 31 Sold Listings – down 11.4%
- 8 Active Listings – down 78.4%
- 42 Average Days of Market – down 40%
- $196,674 is the Average Sales Price – up 36.5%
- $149 is the Average Dollars Per Square Foot – up 31.9%
Condo and Townhouse Listings For Sale:
667 Riverward Dr. 667 Myrtle Beach, South Carolina
3 Beds 3 Baths 1,600 SqFt
Listed by: RE/MAX Southern Shores GC
731 Riverward Dr. 731 Myrtle Beach, South Carolina
2 Beds 3 Baths 1,600 SqFt
Listed by: Weichert Realtors SB
220 Machrie Loop D Myrtle Beach, South Carolina
3 Beds 3 Baths 1,884 SqFt
Listed by: RE/MAX Southern Shores GC
1606 Palmina Loop B Myrtle Beach, South Carolina
3 Beds 2 Baths 1,465 SqFt
Listed by: CB Sea Coast Advantage MI
Condo and Townhouse Pending Listings:
510 Fairwood Lakes Dr. 20-Q Myrtle Beach, South Carolina
1 Beds 2 Baths 720 SqFt
Listed by: Shore Way Realty
3943 Gladiola Ct. 102 Myrtle Beach, South Carolina
1 Beds 2 Baths 790 SqFt
Listed by: C21 Boling Market Common
924 Tall Oaks Dr. 924 K Myrtle Beach, South Carolina
1 Baths 400 SqFt
Listed by: Phillips Realty
200 Portsmith Dr. 5 Myrtle Beach, South Carolina
3 Beds 2 Baths 1,251 SqFt
Listed by: Plantation Realty Group

Condo and Townhouse Closed Listings:
200 JE Edward Dr. #2 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,461 SqFt
Listed by: Carolina Winds Realty, LLC
208 JE Edward Dr. 8 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,461 SqFt
Listed by: Carolina Winds Realty, LLC
224 JE Edward Dr. 17 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,155 SqFt
Listed by: Garden City Realty, Inc
208 JE Edward Dr. 4 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,461 SqFt
Listed by: Carolina Winds Realty, LLC

What Does This Information Mean for Buyers and Sellers?
What do these numbers mean for you as a seller? Prepare, prepare, prepare. When your home is listed for sale, it will be one of only a few homes for sale. The average days on market indicates homes are listed and closed in about 3 months (that’s the total days from the day the home is listed to the day the home is closed). Primary residents need to know where you will be moving once your home sells. I have found that getting pre-approved as a seller before you put your home on the market is always a good idea.
What do these numbers mean for you as a buyer? You also need to be prepared. The Socastee market is still considered affordable for most buyers so you will have some competition. You need to be prepared with a pre-approval letter, preferably from a local lender, or a proof of funds statement from your bank or financial institution.
Contact me if you have any questions about the Socastee real estate market report for April 2022 or the Socastee market in general.