The median sale price of a home sold in the third quarter of 2021 in Folly Beach rose by $66,500 while total sales decreased by 62.5%, according to BlockShopper.com.
From July through September of 2021, there were 18 homes sold, with a median sale price of $718,000 – a 10.2% increase over the $651,500 median sale price for the same period of the previous year. There were 48 homes sold in Folly Beach in the third quarter of 2020.
The median sales tax in Folly Beach for the most recent year with available data, 2019, was $4,829, approximately 0.7% of the median home sale price for the third quarter of 2021.
The following table compares Folly Beach to other Charleston County cities with similar median sale prices in the third quarter of 2021:
| City | July – Sept. 2021 Home Sales | July – Sept. 2020 Home Sales | % change (Total Home Sales) | July – Sept. 2021 Median Sales Price | July – Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Isle of Palms | 45 | 115 | -60.9% | $862,000 | $780,000 | 10.5% |
| Kiawah Island | 41 | 101 | -59.4% | $775,000 | $625,000 | 24% |
| Meggett | 7 | 9 | -22.2% | $750,000 | $490,000 | 53.1% |
| Folly Beach | 18 | 48 | -62.5% | $718,000 | $651,500 | 10.2% |
| Ravenel | 7 | 9 | -22.2% | $585,000 | $386,750 | 51.3% |
| Edgewater Park | 1 | 1 | 0% | $580,000 | $595,000 | -2.5% |
| Seabrook Island | 47 | 108 | -56.5% | $577,000 | $396,750 | 45.4% |
| Awendaw | 3 | 1 | 200% | $570,000 | $40,000 | 1325% |
| Sullivan’s Island | 2 | 3 | -33.3% | $562,500 | $2,300,000 | -75.5% |
| Mount Pleasant | 453 | 724 | -37.4% | $528,000 | $441,500 | 19.6% |
| Laurel Park | 3 | 3 | 0% | $526,000 | $360,000 | 46.1% |
