Socastee, SC

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🏡 Socastee Real Estate Market Snapshot
Southwest Myrtle Beach | Horry County | May 2026
Prepared by Joe Foster, REALTOR®

Socastee remains a practical, residential-feeling market just southwest of Myrtle Beach, with access to Highway 707, Highway 31, Market Common, Surfside Beach, the airport, and nearby coastal job corridors.

📍 Market Overview
Based on the May 2026 Grand Strand Market Analysis Report, Socastee — using the Myrtle Beach 29588 market area — looks balanced to slightly seller-leaning. Inventory is still not excessive, but buyers have more room to compare options than they did during the fastest years.

The median sold price was $330,000, while homes sold at about 97.7% of list price. Months of inventory reached 3.74, which is up from last month but still down from 12 months ago.

📊 Key Takeaways — At a Glance

Home prices: Median sold price was $330,000.
Inventory: 3.74 months of supply, up 31.7% month over month.
Buyer behavior: Homes sold at about 97.7% of list price, so negotiation is normal, but sellers are still holding fairly close to asking price.
Market pace: Sold homes had a median of 41 days in RPR. Active listings showed a median of 52 days in RPR.
Active listings: There were 367 active listings at month-end.
New listings: 175 new listings came on the market in May.

In plain terms:
➡️ Buyers have choices, but not unlimited leverage
➡️ Sellers still have an advantage when priced correctly
➡️ Good homes are still moving
➡️ Condition, flood factors, insurance, and monthly payment matter

💡 What This Means for You

Thinking of selling?
Socastee can still support a strong sale, but buyers are paying attention. Homes that are clean, well-presented, and priced against real competition are in the best position. Overpricing may not fail immediately, but it can cost time and reduce leverage.

Thinking of buying?
This is a market where buyers can compare, inspect, and negotiate, especially around repairs, closing costs, or homes that have been sitting. Still, the inventory level is not loose enough to justify dragging your feet on a strong match.

Watching values?
The median estimated property value was $312,250, down slightly from last month but up 0.7% over 12 months. Median sold price was down from last month and down from a year ago, while list prices are higher. That makes property-level context very important.

📄 Want the Details?
This summary is based on the full Socastee Grand Strand Market Analysis Report dated 6/8/2026, using May 2026 data for the Myrtle Beach 29588 market area. It updates the existing Socastee local guidance page, which was based on February 2026 data and described Socastee as balanced with mild seller influence.

🤝 Let’s Talk Strategy
Whether you’re buying, selling, or just tracking the market, context matters. Socastee is not one single market. Established neighborhoods, newer subdivisions, condos, townhomes, manufactured-home pockets, and water-adjacent areas can all behave differently.

Joe Foster, REALTOR®
📞 (843) 419-7171
📧 mail@joefosterjr.com

⚠️ Important Notes & Disclosures
This summary is for informational purposes only and is not an appraisal or guarantee of value.
Data is sourced from Realtors Property Resource® (RPR), MLS, and public records; information is not guaranteed.
Market statistics reflect all residential property types and may not include all transactions.
Market conditions can change rapidly and vary by property and location.
Equal Housing Opportunity.