Is Thunderbolt, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Thunderbolt has remained a Seller's Market.
Key Takeaway
Thunderbolt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thunderbolt, GA
How much do homes in Thunderbolt, GA cost?
Median Sold Price
$431,250
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Thunderbolt have sold for 15% more than they did a year ago.
Summary: The median home sold price in Thunderbolt was $431,250 in March 2024, up 15% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340K | $425K | +25.0% |
| 3 Bedrooms | $375K | $375K | 0.0% |
| 4 Bedrooms | $398.2K | $469.7K | +18.0% |
| 5+ Bedrooms | - | $887.3K | N/A |
Summary: Thunderbolt housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes did not change, 4 bedroom homes increased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Savannah | $295.7K | $350.3K | +18.4% |
| Thunderbolt | $375K | $431.2K | +15.0% |
| Tybee Island-Wilmington Island | $430.9K | $450K | +4.4% |
Housing Supply in Thunderbolt, GA
How many homes are available in Thunderbolt, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Thunderbolt real estate market had 18 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Thunderbolt housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thunderbolt, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Thunderbolt in March 2024, up by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Thunderbolt, GA
How long does it take to sell a home in Thunderbolt, GA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Thunderbolt are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Thunderbolt; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
