Is Folly Beach, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Folly Beach is a buyer's market

Buyer's
Market

Difference Since April 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

$1,060,000

$583/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$70,000(+7.1%)

Key Takeaway

Homes in Folly Beach have sold for 7.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $462.5K$295K
-36.2%
2 $502.5K$603.1K
+20.0%
3 $964.8K$1.0M
+8.8%
4 $1.7M$1.2M
-30.2%
5+ $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
+11.2%
James Island
+7.2%
Folly Beach
+7.1%
Johns Island
+5.2%

Housing Supply in Folly Beach, SC

How many homes are available in Folly Beach, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5677+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1422
+57.1%
3 2126
+23.8%
4 1317
+30.8%
5+ 711
+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 2024Apr 2024CHANGE
14+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

Asking vs Sold - buyer

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 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Folly Beach, SC

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