The median sale price of a home sold in May 2018 in Folly Beach fell by $57,913 while total sales decreased by 63.6%, according to BlockShopper.com.
In May 2018, there were four homes sold, with a median sale price of $510,087 – a 10.2% decrease over the $568,000 median sale price for the same period of the previous year. There were 11 homes sold in Folly Beach in May 2017.
The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 0.8% of the median home sale price for May 2018.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Edgewater Park | 1 | 0 | – | $950,000 | $0 | – |
| Awendaw | 1 | 0 | – | $825,000 | $0 | – |
| Meggett | 1 | 4 | -75% | $800,000 | $321,000 | 149.2% |
| Hollywood | 1 | 6 | -83.3% | $740,000 | $240,000 | 208.3% |
| Isle of Palms | 7 | 26 | -73.1% | $690,810 | $650,000 | 6.3% |
| Folly Beach | 4 | 11 | -63.6% | $510,087 | $568,000 | -10.2% |
| Mount Pleasant | 73 | 207 | -64.7% | $430,000 | $435,000 | -1.1% |
| McClellanville | 1 | 1 | 0% | $385,000 | $260,000 | 48.1% |
| James Island | 10 | 21 | -52.4% | $342,500 | $265,000 | 29.2% |
| Seabrook Island | 13 | 23 | -43.5% | $340,000 | $375,000 | -9.3% |
| Charleston | 106 | 282 | -62.4% | $275,000 | $284,500 | -3.3% |
