Homes & Real Estate Properties For Sale Folly Beach SC

Folly Beach, a coastal gem located in Charleston County, South Carolina, is known for its vibrant beach community, stunningreal estate brokers folly beach sc waterfront properties, and proximity to downtown Charleston. Over the last two years, the real estate market on Folly Beach has shown resilience and growth, marked by a high demand for both single-family homes, condos, townhomes, new construction, lots & land, vacation rentals, & beachfront condominiums.

Overall, Folly Beach’s real estate market continues to show strength, driven by a combination of limited supply, robust demand, and the area’s appeal as a vacation and lifestyle destination.

MLS Listings Data: Folly Beach
Total Listings: 70
Average Price: $1,217,926
Highest Listing Price: $4,900,000
Average Days On Market: 179

Homes & real estate For Sale Folly Beach SC. MLS real estate listings for sale in the town/city of Folly Beach SC by price, street, age, types: condos, waterfront homes, lakefront, beachfront, golf communities, subdivisions, townhomes, luxury condos, 55+ neighborhoods, list date, bedrooms & more Folly Beach SC. Presently, Folly Beach SC has a total of seventy listings on the local MLS for sale with an average price point of $1,217,926, the max being $4,900,000 and the lowest priced house $15,000 to purchase. Homes for sale in the Folly Beach SC have an average size of 1,528 sq ft and the average days on the market in Folly Beach SC is 179 days. Please contact our team to list or sell your home, view or make an offer on one of the properties you see here updated every 5 mins in real-time. 

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REAL ESTATE DATA FOLLY BEACH SC

Market Overview (2022-2024)

The Folly Beach real estate market has experienced fluctuations in both sales volume and home prices, largely driven by market dynamics such as inventory levels, buyer demand, and economic trends. Key trends include:

  1. Rising Median Prices:
    • Median home prices on Folly Beach have consistently risen over the last two years. In 2022, the median sale price for a single-family home was approximately $1.2 million. By mid-2024, this figure has increased to around $1.45 million, reflecting a strong 20% appreciation rate.
  2. Days on Market (DOM):
    • In 2022, properties on Folly Beach typically stayed on the market for 30-60 days, indicating a seller’s market. In contrast, 2023 saw an increase to around 75 days as interest rates began to rise, slowing down some buyer activity. The trend has started to stabilize in 2024, with an average DOM of 60 days.
  3. Inventory Levels:
    • The total number of homes listed on Folly Beach has varied significantly. During the summer months, the market typically sees an increase in available properties, with an inventory peak in July-August. As of Q3 2024, inventory remains relatively tight, with around 97 active listings compared to over 120 in the summer of 2022.
  4. Luxury Market Segment:
    • High-end properties above $3 million are particularly sought after on Folly Beach. Homes with oceanfront views and modern amenities are commanding premium prices, with some listings reaching up to $5.7 million. There’s also a growing interest in investment properties and vacation rentals, which is bolstered by Folly Beach’s vibrant tourism appeal.

 

 

Considerations for Property Ownership on Folly Beach

Owning a property on Folly Beach comes with its own unique set of considerations, such as:

  1. Flood Insurance and Elevation Requirements: Due to its coastal location, most properties on Folly Beach are subject to flood insurance requirements. Homes closer to the shore or at lower elevations may face higher insurance premiums.
  2. Short-Term Rental Regulations: Folly Beach is a popular tourist destination, making short-term rentals a lucrative option. However, owners must comply with local regulations, which include licensing requirements and occupancy limits.
  3. Property Taxes and Cost of Ownership:
    • Taxes are generally higher for non-primary residences, which is important for investors to consider. For vacation homes and rentals, the effective tax rate can range from 6-8%, compared to a lower rate for primary residences.
  4. HOA and Community Amenities:
    • Condos and townhomes on Folly Beach often come with Homeowners Association (HOA) fees, covering amenities such as pools, communal areas, and maintenance. These fees vary widely based on the property’s location and community features.

 

SUBDIVISIONS - NEIGHBORHOODS - DEVELOPMENTS OF FOLLY BEACH

 

Folly Beach Community and Lifestyle

Folly Beach offers a unique blend of laid-back beach living with a vibrant community atmosphere. Popular amenities include:

  • Outdoor Activities: Excellent surfing spots, fishing at the Folly Beach Pier, and kayaking through the marshes.
  • Dining and Nightlife: Center Street is home to a variety of restaurants, bars, and local shops that cater to both residents and visitors.
  • Proximity to Charleston: At just 21 minutes from downtown Charleston, Folly Beach is the closest beach community to the city, making it a convenient option for those looking to balance work and play.

 

REAL ESTATE SUPPLY ON FOLLY BEACH