Enjoy six miles of wide beaches, surfing, fishing, and more with Folly Beach homes for sale.
The real estate market in Folly Beach is currently exhibiting low levels of competition. As of last month, the median home sale price in Folly Beach was recorded at $645K, marking a significant drop of 50.4% compared to the previous year. However, the median sale price per square foot tells a different story, registering at $883, which is a 6.8% increase from the previous year's figures.
April 2023 saw a significant 50.4% decline in Folly Beach's home prices compared to the previous year, with the median selling price standing at $645K. Interestingly, homes in Folly Beach consistently sell after an average of 68 days on the market, a trend that has been steady since last year. However, home sales volume dropped, with only 5 homes sold in April, a decrease from 12 sales in the same period last year.
Generally, the Folly Beach real estate market is not overly competitive. Homes typically sell within approximately 74.5 days. The occurrence of multiple offers on properties is not common. On average, homes sell around 4% below their listing price and transition to pending status in about 75 days.
In contrast, properties classified as "hot homes" have a tendency to sell for approximately 1% below the listing price and typically reach pending status faster, within roughly 49 days.
As always, consultation with a local real estate specialist is highly advised for the most precise and current information.
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