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 March 2023

Since last year, Tybee Island has remained a Seller's Market.

Key Takeaway

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

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.

Key Takeaway

The sold price of homes in Tybee Island has remained the same since last year.

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

# BEDSMar 2023Mar 2024CHANGE
1 $350K$375K
+7.1%
2 $476K$497.5K
+4.5%
3 $672.5K$660K
-1.9%
4 $992.9K$1.0M
+1.7%
5+ $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
+4.4%
Tybee Island
0.0%

Housing Supply in Tybee Island, GA

How many homes are available in Tybee Island, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
94119+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

# BEDSFeb 2024Mar 2024CHANGE
1 1015
+50.0%
2 1519
+26.7%
3 3136
+16.1%
4 2533
+32.0%
5+ 1316
+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 2024Mar 2024CHANGE
222+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tybee Island, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Tybee Island, GA

Nearby Markets to Tybee Island, GA

What housing markets are near Tybee Island, GA?