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 October 2021

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.

How much do homes in Tybee Island, GA cost?

Median Sold Price

$677,000

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$160,000(+30.9%)

Key Takeaway

Homes in Tybee Island have sold for 30.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $230K$320.5K
+39.3%
2 $364.6K$475K
+30.3%
3 $499.5K$635K
+27.1%
4 $705K$907.5K
+28.7%
5+ $979.4K$1.0M
+2.1%

Median Sold Price Compared To Nearby Cities

Tybee Island
+30.9%
Tybee Island-Wilmington Island
+18.5%

How many homes are available in Tybee Island, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
8190+11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 89
+12.5%
2 1917
-10.5%
3 2229
+31.8%
4 2326
+13.0%
5+ 99
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
918+100.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 83.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days88 Days+252.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tybee Island has remained consistent over time.

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

About Tybee Island, GA

There are 90 homes are for sale in Tybee Island, GA real estate market. In October 2022 in Tybee Island, GA there were 11.1% more homes for sale than in September 2022. While the average time on the market in October 2022 was 88 days, the median list price was $677,000. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 39.3%, prices of 2 bedrooms properties went up by 30.3%, prices of 3 bedrooms properties went up by 27.1%, the cost of 4 bedrooms properties went up by 28.7%, prices of 5 bedrooms properties went up by 2.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 12.5%, the quantity of 2 bedrooms homes went down by 10.5%, the quantity of 3 bedrooms homes went up by 31.8%, volume of 4 bedrooms homes went up by 13%, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Tybee Island, GA in October 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 15 were sold below.

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