Is Folly Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Folly Beach has remained a Buyer's Market.
Housing Prices in Folly Beach, SC
How much do homes in Folly Beach, SC cost?
Median Sold Price
$1,060,000
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Folly Beach was $1,060,000 in April 2024, up 7.1% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $462.5K | $295K | -36.2% |
2 Bedrooms | $502.5K | $603.1K | +20.0% |
3 Bedrooms | $964.8K | $1.0M | +8.8% |
4 Bedrooms | $1.7M | $1.2M | -30.2% |
5+ Bedrooms | $2.5M | $3.1M | +21.6% |
Summary: Folly Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 30.2%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Charleston | $494.5K | $549.8K | +11.2% |
James Island | $529K | $567.1K | +7.2% |
Folly Beach | $990K | $1.0M | +7.1% |
Johns Island | $615.9K | $647.7K | +5.2% |
Housing Supply in Folly Beach, SC
How many homes are available in Folly Beach, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 77 | +37.5% |
Summary: The Folly Beach real estate market had 77 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 22 | +57.1% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Folly Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Folly Beach in April 2024, up by 300.0% month-over-month. Of the 4 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