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:
488 Waccamaw River Rd. Myrtle Beach, South Carolina
7 Beds 7 Baths 10,785 SqFt 3.320 Acres
300 Carolyn Dr. Myrtle Beach, South Carolina
6 Beds 5 Baths 3,146 SqFt 0.870 Acres
1086 Folly Rd. Myrtle Beach, South Carolina
5 Beds 5 Baths 4,458 SqFt 0.740 Acres
6046 Renata Ln. Myrtle Beach, South Carolina
4 Beds 5 Baths 3,000 SqFt 1.950 Acres
Single Family Home Pending Listings:
388 Chamberlin Rd. Myrtle Beach, South Carolina
4 Beds 5 Baths 3,820 SqFt 1.630 Acres
2400 Gist Ln. Myrtle Beach, South Carolina
5 Beds 3 Baths 2,786 SqFt 0.590 Acres
136 Henry Middleton Blvd. Myrtle Beach, South Carolina
4 Beds 4 Baths 3,776 SqFt 0.460 Acres
924 Moultrie Circle Myrtle Beach, South Carolina
4 Beds 4 Baths 3,500 SqFt 0.760 Acres

Single Family Home Closed Listings:
6629 East Sweetbriar Trail Myrtle Beach, South Carolina
2 Beds 2 Baths 1,150 SqFt 0.120 Acres
246 Belmonte Dr. Myrtle Beach, South Carolina
4 Beds 2 Baths 1,774 SqFt 0.220 Acres
6560 Augusta Cresent Myrtle Beach, South Carolina
2 Beds 2 Baths 1,591 SqFt 0.130 Acres
2008 Sage Dr. Myrtle Beach, South Carolina
4 Beds 2 Baths 1,774 SqFt 0.170 Acres

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:
107 Machrie Loop A Myrtle Beach, South Carolina
3 Beds 3 Baths 1,884 SqFt
112 Belmonte Dr. 112 Myrtle Beach, South Carolina
4 Beds 5 Baths 2,188 SqFt
509 Norwich Ln. 215 Myrtle Beach, South Carolina
3 Beds 2 Baths 1,737 SqFt
126 Ella Kinley Circle 301 Myrtle Beach, South Carolina
3 Beds 2 Baths 1,310 SqFt
Condo and Townhouse Pending Listings:
600 Coronet Ct. 28 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,155 SqFt
6850 Blue Heron Blvd. 310 Myrtle Beach, South Carolina
1 Baths 425 SqFt
2112 Rayson Dr. C Myrtle Beach, South Carolina
3 Beds 2 Baths 1,451 SqFt
120 Lazy Willow Ln. 102 Myrtle Beach, South Carolina
3 Beds 2 Baths 1,300 SqFt

Condo and Townhouse Closed Listings:
208 JE Edward Dr. 8 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,461 SqFt
131 Machrie Loop D Myrtle Beach, South Carolina
3 Beds 3 Baths 1,884 SqFt
208 JE Edward Dr. 07 Myrtle Beach, South Carolina
3 Beds 4 Baths 2,155 SqFt
188 Machrie Loop D Myrtle Beach, South Carolina
3 Beds 3 Baths 1,885 SqFt

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.