Is Folly Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Folly Beach was a Neutral Market.
Housing Prices in Folly Beach, SC
How much do homes in Folly Beach, SC cost?
Median Sold Price
$1,037,500
$562/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Folly Beach was $1,037,500 in March 2024, down 1.2% from last year, and the median price per square foot was $562.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $462.5K | $295K | -36.2% |
2 Bedrooms | $500K | $610K | +22.0% |
3 Bedrooms | $989.8K | $1.0M | +1.0% |
4 Bedrooms | $1.9M | $1.2M | -38.1% |
5+ Bedrooms | $2.8M | $2.9M | +7.0% |
Summary: Folly Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.2%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Charleston | $492.7K | $538.9K | +9.4% |
Johns Island | $608.8K | $649.1K | +6.6% |
James Island | $529.9K | $550K | +3.8% |
Folly Beach | $1.0M | $1.0M | -1.2% |
Housing Supply in Folly Beach, SC
How many homes are available in Folly Beach, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 65 | +22.6% |
Summary: The Folly Beach real estate market had 65 homes for sale in March 2024, a 22.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Folly Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Folly Beach in March 2024, down by 75.0% month-over-month. Of the 1 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