Is Tybee Island, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tybee Island is a seller's market

Buyer's
Market

Difference Since November 2020

At the same time last year, Tybee Island was a Neutral Market.

Key Takeaway

Tybee Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Tybee Island, GA cost?

Median Sold Price

$531,883

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$91,883(+20.9%)

Key Takeaway

Homes in Tybee Island have sold for 20.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $242.1K$231.2K
-4.5%
2 $344.3K$369.5K
+7.3%
3 $443.7K$500K
+12.7%
4 $612.5K$705K
+15.1%
5+ $817.5K$900K
+10.1%

Median Sold Price Compared To Nearby Cities

Tybee Island
+20.9%
Tybee Island-Wilmington Island
+15.6%

How many homes are available in Tybee Island, GA?

Number of Homes For Sale

Oct 2021Nov 2021%
6667+1.5%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 12
+100.0%
2 66
0.0%
3 2424
0.0%
4 1616
0.0%
5+ 1919
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
1119+72.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tybee Island, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

About Tybee Island, GA

Tybee Island, GA has 67 homes for sale to choose from. The inventory of homes for sale in Tybee Island, GA between October 2021 and November 2021 increased by 1.5%. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 4.5%, 2 bedrooms properties became 7.3% more expensive, 3 bedrooms properties became 12.7% more expensive, prices of 4 bedrooms properties went up by 15.1%, prices of 5 bedrooms properties increased by 10.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory did not change, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. In November 2021, from all listings sold in Tybee Island, GA there were more than 4 sold above asking price, over 11 sold below and more than 4 were sold right at the asked price.

Related Housing Market Reports