In August 2017, there were 11 homes sold, with a median sale price of $550,000 - a 12% decrease over the $625,000 median sale price for the same period of the previous year. There were nine homes sold in Folly Beach in August 2016.
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 August 2017.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 10 | 7 | 42.9% | $1,652,500 | $1,300,000 | 27.1% |
| Kiawah Island | 4 | 22 | -81.8% | $1,100,000 | $750,000 | 46.7% |
| McClellanville | 2 | 2 | 0% | $847,500 | $230,000 | 268.5% |
| Edgewater Park | 1 | 0 | - | $770,000 | $0 | - |
| Isle of Palms | 17 | 17 | 0% | $750,000 | $750,000 | 0% |
| Folly Beach | 11 | 9 | 22.2% | $550,000 | $625,000 | -12% |
| Seabrook Island | 12 | 14 | -14.3% | $512,500 | $425,000 | 20.6% |
| Meggett | 2 | 2 | 0% | $492,250 | $447,000 | 10.1% |
| Mount Pleasant | 113 | 216 | -47.7% | $455,000 | $375,000 | 21.3% |
| Hollywood | 4 | 4 | 0% | $382,125 | $253,750 | 50.6% |
| Forest Lakes | 2 | 0 | - | $323,000 | $0 | - |
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