Is Folly Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
At the same time last year, Folly Beach was a Seller'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.
How much do homes in Folly Beach, SC cost?
Median Sold Price
$1,150,000
$677/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$200,000(+21.1%)
Key Takeaway
Homes in Folly Beach have sold for 21.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $475K | $475K | 0.0% |
| 2 Bedrooms | $475K | $1.0M | +128.7% |
| 3 Bedrooms | $949K | $1.0M | +10.6% |
| 4 Bedrooms | $1.3M | $1.9M | +40.2% |
| 5+ Bedrooms | $1.6M | $2.6M | +68.3% |
Median Sold Price Compared To Nearby Cities
| Johns Island | $411.9K | $514.5K | +24.9% |
| James Island | $419.7K | $515K | +22.7% |
| Folly Beach | $950K | $1.1M | +21.1% |
| Charleston | $434.2K | $494K | +13.8% |
How many homes are available in Folly Beach, SC?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 32 | 28 | -12.5% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 8 | 3 | -62.5% |
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.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 30 Days | 33 Days | +11.0% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Folly Beach has remained consistent over time.
