Is Tybee Island, 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, Tybee Island has remained a Seller's Market.
Housing Prices in Tybee Island, GA
How much do homes in Tybee Island, GA cost?
Median Sold Price
$650,000
$480/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Tybee Island was $650,000 in March 2024, the same as last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $375K | +7.1% |
2 Bedrooms | $476K | $497.5K | +4.5% |
3 Bedrooms | $672.5K | $660K | -1.9% |
4 Bedrooms | $992.9K | $1.0M | +1.7% |
5+ Bedrooms | $1.0M | $1.3M | +25.7% |
Summary: Tybee Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Cities
Tybee Island-Wilmington Island | $430.9K | $450K | +4.4% |
Tybee Island | $650K | $650K | 0.0% |
Housing Supply in Tybee Island, GA
How many homes are available in Tybee Island, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 119 | +26.6% |
Summary: The Tybee Island real estate market had 119 homes for sale in March 2024, a 26.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 15 | +50.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 25 | 33 | +32.0% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Tybee Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 22 | +1000.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Tybee Island in March 2024, up by 1000.0% month-over-month. Of the 22 sold homes, 68% were sold under asking, 32% 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