The median sale price of a home sold in May 2017 in Folly Beach rose by $35,500 while total sales decreased by 8.3%, according to BlockShopper.com.
In May 2017, there were 11 homes sold, with a median sale price of $568,000 – a 6.7% increase over the $532,500 median sale price for the same period of the previous year. There were 12 homes sold in Folly Beach in May 2016.
The median sales tax in Folly Beach for the most recent year with available data, 2015, was $4,233, approximately 0.7% of the median home sale price for May 2017.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan’s Island | 9 | 7 | 28.6% | $1,325,000 | $931,000 | 42.3% |
| Kiawah Island | 19 | 25 | -24% | $805,000 | $950,000 | -15.3% |
| Edisto Island | 3 | 3 | 0% | $750,000 | $338,000 | 121.9% |
| Isle of Palms | 26 | 28 | -7.1% | $650,000 | $1,022,500 | -36.4% |
| Folly Beach | 11 | 12 | -8.3% | $568,000 | $532,500 | 6.7% |
| Ashley Forest | 1 | 4 | -75% | $495,000 | $308,500 | 60.5% |
| Mount Pleasant | 207 | 237 | -12.7% | $435,000 | $400,000 | 8.8% |
| Seabrook Island | 23 | 13 | 76.9% | $375,000 | $649,000 | -42.2% |
| Meggett | 4 | 1 | 300% | $321,000 | $90,000 | 256.7% |
| Riverland Terrace | 2 | 1 | 100% | $309,500 | $532,000 | -41.8% |
| Capri Isles | 1 | 1 | 0% | $290,000 | $231,500 | 25.3% |
