Published October 6, 2026 in Market Update

Pawleys Island kept moving even with less inventory

By April Formo

Real estate, Georgetown

Realtor.com reported that mortgage rates surged above 7% for the first time since January 2025. That is the number most buyers are watching right now. Yet the Real Estate Data Aggregator counted 192 pending sales in ZIP 29585, which covers Pawleys Island and Litchfield, for the three months ending July 31, 2026. Demand did not disappear. It adjusted.

Pawleys Island and Litchfield: ZIP 29585

This is the tighter side of the market. The Real Estate Data Aggregator counted 213 homes for sale, down 32.2% from the same period in 2025. Fewer choices, more competition.

The Real Estate Data Aggregator found that 30.2% of homes in ZIP 29585 went under contract within two weeks of listing. That is up 9.3 points from a year before. Nearly 1 in 3 homes moved that fast. For buyers, clean terms and a clear price matter more when supply is this lean.

The average sale price came in at 97% of list price, unchanged from a year before. Sellers in ZIP 29585 are holding their ground. Buyers are meeting them close to it.

Georgetown: ZIP 29440

ZIP 29440 covers Georgetown. The Real Estate Data Aggregator counted 99 homes sold for the three months ending July 31, 2026, down 13.9% from a year before. That is a real dip, and worth naming plainly.

Fewer homes sold, but the ones that did sold faster. Median days on market fell 16 days from a year before. And pending sales rose 26.1%, which points to activity building. The price, though, tells a more careful story. The average sale closed at 95.7% of list, down 0.7 points. Pricing precisely matters here.

New listings in ZIP 29440 rose 15.8% from a year before. The Real Estate Data Aggregator counted 117 new listings for the period. More supply and fewer sales is a combination that gives buyers a little more room.

How the two ZIPs compare

What the national picture adds

The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Local prices in both ZIPs rose about 4%, ahead of that national figure. CNBC reported the average rate on a 30-year fixed mortgage reached 7.30% as of September 30, 2026. Realtor.com reported rates briefly touched 7.58% that same week. Those numbers are real, and buyers are feeling them.

Realtor.com also reported that 20.8% of listings nationally took a price cut in September 2026, the highest share since October 2022. That pattern has not fully shown up in ZIP 29585, where sale-to-list held steady. In ZIP 29440, the small dip in sale-to-list suggests some sellers are adjusting.

One street can read very differently from the whole ZIP code. Marsh frontage, interior lots, and specific communities each carry their own numbers. The figures above are a starting point, not a final answer for your address.