$10,000 Closing Credit*
$1,090,699
1,668 SqFt
3 Beds
•3 Full Baths
Listing Office: EXP Realty LLC
Is Folly Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Folly Beach was a Neutral Market.
Key Takeaway
Folly Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Folly Beach, SC
How much do homes in Folly Beach, SC cost?
Median Sold Price
$1,000,000
$581/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Folly Beach has remained the same since last year.
Summary: The median home sold price in Folly Beach was $1,000,000 in October 2024, the same as last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $295K | -23.4% |
| 2 Bedrooms | $665K | $524K | -21.2% |
| 3 Bedrooms | $1.0M | $915K | -8.5% |
| 4 Bedrooms | $1.2M | $1.5M | +28.7% |
| 5+ Bedrooms | $2.9M | $2.4M | -18.8% |
Summary: Folly Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
| James Island | $538.1K | $620K | +15.2% |
| Charleston | $524.7K | $573.9K | +9.4% |
| Johns Island | $641.7K | $648.9K | +1.1% |
| Folly Beach | $1.0M | $1.0M | 0.0% |
Housing Supply in Folly Beach, SC
How many homes are available in Folly Beach, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 64 | 0.0% |
Summary: The Folly Beach real estate market had 64 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Folly Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Folly Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Folly Beach in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
