Is Folly Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Folly Beach has remained a Seller's Market.
Housing Prices in Folly Beach, SC
How much do homes in Folly Beach, SC cost?
Median Sold Price
$1,025,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Folly Beach was $1,025,000 in May 2024, up 3.5% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $447.5K | $295K | -34.1% |
2 Bedrooms | $665K | $545.6K | -18.0% |
3 Bedrooms | $1.0M | $950K | -5.0% |
4 Bedrooms | $1.7M | $1.2M | -27.8% |
5+ Bedrooms | $2.5M | $3.1M | +21.6% |
Summary: Folly Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.1%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
James Island | $530.1K | $585K | +10.3% |
Charleston | $499K | $549.9K | +10.2% |
Johns Island | $621.6K | $645K | +3.8% |
Folly Beach | $990K | $1.0M | +3.5% |
Housing Supply in Folly Beach, SC
How many homes are available in Folly Beach, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 77 | +5.5% |
Summary: The Folly Beach real estate market had 77 homes for sale in May 2024, a 5.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Folly Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Folly Beach in May 2024, up by 225.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Folly Beach, SC
We’re sorry, we don't have information for this market at the moment