In November 2019, there were six homes sold, with a median sale price of $503,000 - a 32.2% decrease over the $742,000 median sale price for the same period of the previous year. There were nine homes sold in Folly Beach in November 2018.
The median sales tax in Folly Beach for 2019 was $4,829. In 2018, the median sales tax was $4,672. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Folly Beach to other Charleston County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| McClellanville | 1 | 1 | 0% | $846,000 | $329,000 | 157.1% |
| Kiawah Island | 10 | 18 | -44.4% | $730,000 | $1,350,000 | -45.9% |
| Isle of Palms | 16 | 12 | 33.3% | $656,500 | $845,000 | -22.3% |
| Riverland Terrace | 1 | 0 | - | $572,500 | $0 | - |
| Edisto Island | 1 | 3 | -66.7% | $522,900 | $281,750 | 85.6% |
| Folly Beach | 6 | 9 | -33.3% | $503,000 | $742,000 | -32.2% |
| Whitehall Terrace | 1 | 1 | 0% | $480,000 | $388,000 | 23.7% |
| Hollywood | 5 | 9 | -44.4% | $435,000 | $315,000 | 38.1% |
| Mount Pleasant | 138 | 139 | -0.7% | $407,500 | $400,000 | 1.9% |
| Ravenel | 3 | 1 | 200% | $405,000 | $24,500 | 1553.1% |
| James Island | 7 | 14 | -50% | $359,900 | $327,500 | 9.9% |
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