$9,203 Closing Credit*
$775,000
2,206 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Carolina One Real Estate
Is Folly Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Folly Beach has remained a Buyer's 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
$1,084,906
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$84,906(+8.5%)
Key Takeaway
Homes in Folly Beach have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Folly Beach was $1,084,906 in November 2024, up 8.5% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $295K | N/A |
| 2 Bedrooms | $610K | $538K | -11.8% |
| 3 Bedrooms | $950K | $950K | 0.0% |
| 4 Bedrooms | $1.2M | $1.6M | +35.2% |
| 5+ Bedrooms | $2.9M | $2.4M | -18.8% |
Summary: Folly Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
| James Island | $540K | $623K | +15.4% |
| Charleston | $525.4K | $578.9K | +10.2% |
| Folly Beach | $1.0M | $1.0M | +8.5% |
| Johns Island | $645.3K | $671.2K | +4.0% |
Housing Supply in Folly Beach, SC
How many homes are available in Folly Beach, SC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 67 | +11.7% |
Summary: The Folly Beach real estate market had 67 homes for sale in November 2024, a 11.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Folly Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 25.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Folly Beach in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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
