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Monday, September 23, 2024

Folly Beach home prices rose in April 2021

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The median sale price of a home sold in April 2021 in Folly Beach rose by $185,000 while total sales increased by 40%, according to BlockShopper.com.

In April 2021, there were seven homes sold, with a median sale price of $805,000 - a 29.8% increase over the $620,000 median sale price for the same period of the previous year. There were five homes sold in Folly Beach in April 2020.

The median sales tax in Folly Beach for the most recent year with available data, 2019, was $4,829, approximately 0.6% of the median home sale price for April 2021.

The following table compares Folly Beach to other Charleston County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Capri Isles110%$1,137,500$400,000184.4%
Kiawah Island880%$932,000$877,5006.2%
Folly Beach7540%$805,000$620,00029.8%
Isle of Palms201353.8%$762,500$640,00019.1%
Edgewater Park110%$664,000$475,00039.8%
Sullivan's Island20-$580,000$0-
Meggett20-$569,000$0-
Whitehall Terrace20-$544,250$0-
Mount Pleasant149159-6.3%$495,000$477,0003.8%
Seabrook Island911-18.2%$439,000$510,000-13.9%
Edisto Island42100%$415,000$677,500-38.7%

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