From July through December of 2017, there were 41 homes sold, with a median sale price of $615,000 - a 20% increase over the $512,500 median sale price for the same period of the previous year. There were 58 homes sold in Folly Beach in the second half of 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 the second half of 2017.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sullivan's Island | 28 | 31 | -9.7% | $1,685,000 | $1,250,000 | 34.8% |
| Kiawah Island | 72 | 101 | -28.7% | $735,000 | $740,000 | -0.7% |
| Isle of Palms | 110 | 121 | -9.1% | $702,500 | $690,000 | 1.8% |
| Folly Beach | 41 | 58 | -29.3% | $615,000 | $512,500 | 20% |
| Meggett | 7 | 9 | -22.2% | $527,564 | $339,000 | 55.6% |
| Edgewater Park | 5 | 2 | 150% | $445,000 | $343,000 | 29.7% |
| Mount Pleasant | 730 | 1,042 | -29.9% | $420,000 | $377,350 | 11.3% |
| Ashley Forest | 3 | 9 | -66.7% | $395,000 | $350,000 | 12.9% |
| Seabrook Island | 76 | 64 | 18.8% | $377,000 | $327,500 | 15.1% |
| Riverland Terrace | 7 | 12 | -41.7% | $355,000 | $350,000 | 1.4% |
| McClellanville | 9 | 18 | -50% | $307,000 | $266,710.50 | 15.1% |
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