The median sale price of a home sold in February 2018 in Folly Beach fell by $237,500 while total sales decreased by 16.7%, according to BlockShopper.com.
In February 2018, there were five homes sold, with a median sale price of $450,000 – a 34.5% decrease over the $687,500 median sale price for the same period of the previous year. There were six homes sold in Folly Beach in February 2017.
The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 0.9% of the median home sale price for February 2018.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in February 2018:
| City | Feb. 2018 Home Sales | Feb. 2017 Home Sales | % change (Total Home Sales) | Feb. 2018 Median Sales Price | Feb. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 2 | 5 | -60% | $2,552,500 | $1,500,000 | 70.2% |
| Kiawah Island | 6 | 9 | -33.3% | $1,822,500 | $650,000 | 180.4% |
| Isle of Palms | 9 | 20 | -55% | $930,000 | $737,500 | 26.1% |
| Folly Beach | 5 | 6 | -16.7% | $450,000 | $687,500 | -34.5% |
| Ashley Forest | 1 | 1 | 0% | $450,000 | $320,000 | 40.6% |
| Mount Pleasant | 73 | 144 | -49.3% | $439,000 | $390,000 | 12.6% |
| Riverland Terrace | 2 | 0 | – | $357,000 | $0 | – |
| Awendaw | 1 | 0 | – | $335,000 | $0 | – |
| Seabrook Island | 10 | 8 | 25% | $302,500 | $420,000 | -28% |
| Charleston | 135 | 162 | -16.7% | $275,000 | $263,750 | 4.3% |
| McClellanville | 3 | 2 | 50% | $262,500 | $121,000 | 116.9% |
