Folly Beach Housing Market Report December 2024•Charleston County, South Carolina

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Housing Prices in Folly Beach, SC

How much do homes in Folly Beach, SC cost?

Housing Market Conditions

Is Folly Beach, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Folly Beach is a Buyer's Market

Difference Since December 2023

At the same time last year, Folly Beach was a Seller's Market.

Insight

Folly Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,084,906$632/SqFt
+$134,906
+14.2%

Based on all homes sold in the last 12 months

Insight

Homes in Folly Beach have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Folly Beach was $1,084,906 in December 2024, up 14.2% from last year, and the median price per square foot was $632.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
James Island
+16.0%
Folly Beach
+14.2%
Charleston
+9.7%
Johns Island
+6.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
4$1.1M$1.7M
+44.1%
5$2.9M$2.4M
-18.8%
1-$582.5K
N/A
2$596.2K$538K
-9.8%
3$1.0M$932.5K
-11.2%

Summary: Folly Beach housing price by bedroom type for December 2024, compared to the previous year. The home price for 4 bedroom homes increased by +44.1%. The home price for 5 bedroom homes decreased by -18.8%. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -9.8%. The home price for 3 bedroom homes decreased by -11.2%.

Housing supply in Folly Beach, SC

How many homes are available in Folly Beach, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
57Last MonthDec 2024
592 months agoNov 2024
-3.4 %
Change MoMNov – Dec

Summary: The Folly Beach real estate market had 57 homes for sale in Dec 2024, a 3.4 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthDec 2024
32 months agoNov 2024
0.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
41312
-7.7%
533
0.0%
133
0.0%
21110
-9.1%
32929
0.0%

Summary: Folly Beach housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 4 bedroom homes decreased by -7.7%. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -9.1%. The inventory for 3 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Folly Beach, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Folly Beach, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Folly Beach in December 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for Folly Beach, SC

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Folly Beach, SC

What homes are available in Folly Beach, SC?

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MLS Disclaimers and Copyright

Based on information from CHS MLS, for the period 01/01/2023 - 01/01/2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2025 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 11:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.