Myrtle Beach, SC 29572

Flip Market Report

Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Myrtle Beach, SC. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Horry County, we've been able to rank it against its peer counties within South Carolina. To provide an even fuller picture, we also ranked South Carolina against all other US states.

Region Rank in # of Flips Rank in Flip Profit
South Carolina #18th in US
#26th in US
Horry County #4th in SC
#29th in SC

Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.

Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.

29572 Historical Monthly Listing Prices

Latest Median Sale Price

$ 229,500

0.05% YoY Change
Horry Historical Monthly Home Sales

Latest Monthly Sales Count

List Price /sqft

$190

0.01% from last quarter

Reduced Listings /Month

56

-0.3% from last quarter

Avg. Days on Market

128

-0.04% from last year

Average Home Sqft

$901

-0.22% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Horry County. This is a good sign that flipping a house here will be successful.

Region Population Change YoY Rank
South Carolina 5,084,127 1.25% #23rd in US
Horry County 344,147 3.46% #4th in SC
29572 7,893 #81st in SC
Home Searches

FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.

Array
(
    [zip_id] => 34435
    [country] => USA
    [zip] => 29572
    [city] => Myrtle Beach
    [state] => South Carolina
    [state_abbr] => SC
    [county] => Horry
    [dma] => 570
    [latitude] => 33.7657
    [longitude] => -78.7963
    [timezone] => -5
    [timezone_dst] => 1
    [dttm] => 2019-09-30
    [postal_code] => 29572
    [zip_name] => myrtle beach, sc
    [flag] => 
    [median_listing_price] => 249750
    [median_listing_price_mm] => 0.0192
    [median_listing_price_yy] => 0.1102
    [active_listing_count] => 585
    [active_listing_count_mm] => -0.0234
    [active_listing_count_yy] => 0.0174
    [median_days_on_market] => 128
    [median_days_on_market_mm] => 0.1034
    [median_days_on_market_yy] => -0.0376
    [new_listing_count] => 64
    [new_listing_count_mm] => -0.4483
    [new_listing_count_yy] => -0.0588
    [price_increased_count] => 0
    [price_increased_count_mm] => -1
    [price_increased_count_yy] => -1
    [price_reduced_count] => 56
    [price_reduced_count_mm] => -0.3
    [price_reduced_count_yy] => 0.4
    [pending_listing_count] => 150
    [pending_listing_count_mm] => -0.0683
    [pending_listing_count_yy] => -0.0196
    [median_listing_price_per_square_feet] => 190
    [median_listing_price_per_square_feet_mm] => 0.0061
    [median_listing_price_per_square_feet_yy] => -0.0465
    [median_square_feet] => 901
    [median_square_feet_mm] => 0
    [median_square_feet_yy] => -0.2172
    [average_listing_price] => 343513
    [average_listing_price_mm] => -9.00E-0
    [average_listing_price_yy] => 0.0779
    [total_listing_count] => 735
    [total_listing_count_mm] => -0.0329
    [total_listing_count_yy] => 0.2564
    [pending_ratio_mm] => -0.0124
    [pending_ratio_yy] => -0.0097
    [RegionID] => 70561
    [RegionName] => 29572
    [State] => SC
    [Metro] => Myrtle Beach-Conway-North Myrtle Beach
    [County] => Horry County
    [City] => Myrtle Beach
    [SizeRank] => 656
    [Zhvi] => 193700
    [MoM] => 0.0031072
    [QoQ] => 0.00675676
    [YoY] => 0.0453319
    [5Year] => 0.0414527
    [10Year] => -0.000463453
    [PeakMonth] => 2006-07
    [PeakQuarter] => 2006-Q3
    [PeakZHVI] => 308700
    [PctFallFromPeak] => -0.37253
    [LastTimeAtCurrZHVI] => 2004-10
    [flips] => 5515
    [purchase_price] => 104820
    [resale_price] => 172833
    [gross_margin] => 68013
    [flipcount_rank] => 18
    [flipmargin_rank] => 26
    [counties] => 46
    [zip_population] => 7893
    [zip_rank] => 181
    [state_population] => 5084127
    [state_rank] => 23
    [state_difference] => 1.252843
    [list_prices] => ",,,,,,,,,,,,,,,,,,,,,,,,,170950,167000,165000,169900,169900,179000,179950,179900,174900,175000,174900,189999.5,180000,179900,178450,179900,173400,169900,169900,169900,165700,164900,169250,159900,169700,159900,159900,159900,165000,164900,163700,159900,159000,159900,159995,160000,164899,149900,154900,164900,159200,175000,179900,179900,174900,179900,175000,179950,179700,175000,179900,189000,194900,189900,189995,199000,199000,199500,199900,195950,189900,199000,199900,2.00E+05,214900,205000,202449.5,204900,209700,199900,194900,199900,189900,193250,203900,213450,219000,218400,225000,225900,224900,214900,214900,223200,224900,219925,220000,219950,224450,225000,223000,228900,234500,229000,229500"
    [list_prices_exploded] => Array
        (
            [0] => 
            [1] => 
            [2] => 
            [3] => 
            [4] => 
            [5] => 
            [6] => 
            [7] => 
            [8] => 
            [9] => 
            [10] => 
            [11] => 
            [12] => 
            [13] => 
            [14] => 
            [15] => 
            [16] => 
            [17] => 
            [18] => 
            [19] => 
            [20] => 
            [21] => 
            [22] => 
            [23] => 
            [24] => 
            [25] => 170950
            [26] => 167000
            [27] => 165000
            [28] => 169900
            [29] => 169900
            [30] => 179000
            [31] => 179950
            [32] => 179900
            [33] => 174900
            [34] => 175000
            [35] => 174900
            [36] => 189999.5
            [37] => 180000
            [38] => 179900
            [39] => 178450
            [40] => 179900
            [41] => 173400
            [42] => 169900
            [43] => 169900
            [44] => 169900
            [45] => 165700
            [46] => 164900
            [47] => 169250
            [48] => 159900
            [49] => 169700
            [50] => 159900
            [51] => 159900
            [52] => 159900
            [53] => 165000
            [54] => 164900
            [55] => 163700
            [56] => 159900
            [57] => 159000
            [58] => 159900
            [59] => 159995
            [60] => 160000
            [61] => 164899
            [62] => 149900
            [63] => 154900
            [64] => 164900
            [65] => 159200
            [66] => 175000
            [67] => 179900
            [68] => 179900
            [69] => 174900
            [70] => 179900
            [71] => 175000
            [72] => 179950
            [73] => 179700
            [74] => 175000
            [75] => 179900
            [76] => 189000
            [77] => 194900
            [78] => 189900
            [79] => 189995
            [80] => 199000
            [81] => 199000
            [82] => 199500
            [83] => 199900
            [84] => 195950
            [85] => 189900
            [86] => 199000
            [87] => 199900
            [88] => 2.00E+05
            [89] => 214900
            [90] => 205000
            [91] => 202449.5
            [92] => 204900
            [93] => 209700
            [94] => 199900
            [95] => 194900
            [96] => 199900
            [97] => 189900
            [98] => 193250
            [99] => 203900
            [100] => 213450
            [101] => 219000
            [102] => 218400
            [103] => 225000
            [104] => 225900
            [105] => 224900
            [106] => 214900
            [107] => 214900
            [108] => 223200
            [109] => 224900
            [110] => 219925
            [111] => 220000
            [112] => 219950
            [113] => 224450
            [114] => 225000
            [115] => 223000
            [116] => 228900
            [117] => 234500
            [118] => 229000
            [119] => 229500
        )

)
Array
(
    [county_name] => Horry
    [state] => South Carolina
    [state_fips] => 45
    [county_fips] => 45051
    [dma] => 570
    [metro_name] => Conway, SC
    [cbsa_name] => Myrtle Beach-Conway-North Myrtle Beach, SC-NC
    [county_region_id_zillow] => 563
    [metro_region_id_zillow] => 394898
    [fips] => 45051
    [cbsa_code] => 34820
    [population_prior] => 332651
    [population] => 344147
    [rank] => 4
    [difference] => 3.455874174
    [region_id] => 563
    [sale_counts] => ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,713,707,704,680,687,670,620,616,604,633,650,681,746,793,793,774,756,740,718,713,713,722,775,763,831,805,830,808,795,810,793,780,788,805,836,833,807,778,751,651,573,583,675,743,741,671,671,710,809,846,857,845,835,827,822,817,838,856,856,878,908,1054,1070,1040,940,928,998,1010,1025,948,957,887,899,847,904,916,958,979,981,1008,958,963,980,1005,1064,1069,1083,1080,1075,1091,1064,1060,966,1015,983,1036,1049,1107,1155,1125,1124,1108,1120,1121,1127,1102,1094,"
    [county] => Horry
    [flips] => 457
    [purchase_price] => 115604
    [resale_price] => 153597
    [gross_margin] => 37993
    [flipcount_rank] => 4
    [flipmargin_rank] => 29
    [sale_counts_exploded] => Array
        (
            [0] => 
            [1] => 
            [2] => 
            [3] => 
            [4] => 
            [5] => 
            [6] => 
            [7] => 
            [8] => 
            [9] => 
            [10] => 
            [11] => 
            [12] => 
            [13] => 
            [14] => 
            [15] => 
            [16] => 
            [17] => 
            [18] => 
            [19] => 
            [20] => 
            [21] => 
            [22] => 
            [23] => 
            [24] => 
            [25] => 
            [26] => 
            [27] => 
            [28] => 
            [29] => 
            [30] => 
            [31] => 
            [32] => 
            [33] => 
            [34] => 713
            [35] => 707
            [36] => 704
            [37] => 680
            [38] => 687
            [39] => 670
            [40] => 620
            [41] => 616
            [42] => 604
            [43] => 633
            [44] => 650
            [45] => 681
            [46] => 746
            [47] => 793
            [48] => 793
            [49] => 774
            [50] => 756
            [51] => 740
            [52] => 718
            [53] => 713
            [54] => 713
            [55] => 722
            [56] => 775
            [57] => 763
            [58] => 831
            [59] => 805
            [60] => 830
            [61] => 808
            [62] => 795
            [63] => 810
            [64] => 793
            [65] => 780
            [66] => 788
            [67] => 805
            [68] => 836
            [69] => 833
            [70] => 807
            [71] => 778
            [72] => 751
            [73] => 651
            [74] => 573
            [75] => 583
            [76] => 675
            [77] => 743
            [78] => 741
            [79] => 671
            [80] => 671
            [81] => 710
            [82] => 809
            [83] => 846
            [84] => 857
            [85] => 845
            [86] => 835
            [87] => 827
            [88] => 822
            [89] => 817
            [90] => 838
            [91] => 856
            [92] => 856
            [93] => 878
            [94] => 908
            [95] => 1054
            [96] => 1070
            [97] => 1040
            [98] => 940
            [99] => 928
            [100] => 998
            [101] => 1010
            [102] => 1025
            [103] => 948
            [104] => 957
            [105] => 887
            [106] => 899
            [107] => 847
            [108] => 904
            [109] => 916
            [110] => 958
            [111] => 979
            [112] => 981
            [113] => 1008
            [114] => 958
            [115] => 963
            [116] => 980
            [117] => 1005
            [118] => 1064
            [119] => 1069
            [120] => 1083
            [121] => 1080
            [122] => 1075
            [123] => 1091
            [124] => 1064
            [125] => 1060
            [126] => 966
            [127] => 1015
            [128] => 983
            [129] => 1036
            [130] => 1049
            [131] => 1107
            [132] => 1155
            [133] => 1125
            [134] => 1124
            [135] => 1108
            [136] => 1120
            [137] => 1121
            [138] => 1127
            [139] => 1102
            [140] => 1094
            [141] => 
        )

)

Flip Market uses data engineering + AI to help businesses and individuals successfully flip homes.

© 2024 Flip Market  •  Our Methodology  •  Contact  •  Privacy Policy