Is Tybee Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Tybee Island was a Seller's Market.
Key Takeaway
Tybee Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tybee Island, GA
How much do homes in Tybee Island, GA cost?
Median Sold Price
$680,000
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Tybee Island have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Tybee Island was $680,000 in June 2024, up 4.6% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.2K | $375K | +2.7% |
| 2 Bedrooms | $500K | $499K | -0.2% |
| 3 Bedrooms | $652.5K | $710K | +8.8% |
| 4 Bedrooms | $1.0M | $1.0M | +2.5% |
| 5+ Bedrooms | $1.1M | $1.1M | +1.7% |
Summary: Tybee Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Tybee Island-Wilmington Island | $439K | $459.8K | +4.7% |
| Tybee Island | $650K | $680K | +4.6% |
Housing Supply in Tybee Island, GA
How many homes are available in Tybee Island, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 99 | 101 | +2.0% |
Summary: The Tybee Island real estate market had 101 homes for sale in June 2024, a 2.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Tybee Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tybee Island, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Tybee Island in June 2024, down by 30.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Tybee Island, GA
We’re sorry, we don't have information for this market at the moment
