Is Saint Simons Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Saint Simons Island was a Seller's Market.
Housing Prices in Saint Simons Island, GA
How much do homes in Saint Simons Island, GA cost?
Median Sold Price
$675,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Simons Island was $675,000 in April 2024, up 5.4% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $427.5K | $316.9K | -25.9% |
2 Bedrooms | $340K | $386.5K | +13.7% |
3 Bedrooms | $621.7K | $621.5K | 0% |
4 Bedrooms | $726.3K | $862.5K | +18.7% |
5+ Bedrooms | $1.5M | $815K | -47.4% |
Summary: Saint Simons Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 13.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 47.4%.
Median Sold Price Compared To Nearby Cities
Saint Simons | $635K | $675K | +6.3% |
Saint Simons Island | $640.6K | $675K | +5.4% |
Brunswick | $315K | $320K | +1.6% |
Housing Supply in Saint Simons Island, GA
How many homes are available in Saint Simons Island, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 79 | +12.9% |
Summary: The Saint Simons Island real estate market had 79 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Saint Simons Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Saint Simons Island in April 2024, down by 7.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Saint Simons Island, GA
How long does it take to sell a home in Saint Simons Island, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 37 Days | -41.2% |
Summary: Homes in Saint Simons Island had an average of 37 days on market in Apr 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Saint Simons Island; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.