Is Tybee Island-Wilmington 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-Wilmington Island has remained a Seller's Market.
Housing Prices in Tybee Island-Wilmington Island, GA
How much do homes in Tybee Island-Wilmington Island, GA cost?
Median Sold Price
$450,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tybee Island-Wilmington Island was $450,000 in March 2024, up 4.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $227.5K | +11.0% |
2 Bedrooms | $266.5K | $280K | +5.1% |
3 Bedrooms | $410K | $462.5K | +12.8% |
4 Bedrooms | $599.9K | $557K | -7.2% |
5+ Bedrooms | $910K | $829K | -8.9% |
Summary: Tybee Island-Wilmington Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
Savannah | $295.7K | $350.3K | +18.4% |
Thunderbolt | $375K | $431.2K | +15.0% |
Montgomery | $658.9K | $749.8K | +13.8% |
Tybee Island-Wilmington Island | $430.9K | $450K | +4.4% |
Tybee Island | $650K | $650K | 0.0% |
Housing Supply in Tybee Island-Wilmington Island, GA
How many homes are available in Tybee Island-Wilmington Island, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
203 | 260 | +28.1% |
Summary: The Tybee Island-Wilmington Island real estate market had 260 homes for sale in March 2024, a 28.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 26 | +44.4% |
2 Bedrooms | 33 | 38 | +15.2% |
3 Bedrooms | 73 | 93 | +27.4% |
4 Bedrooms | 58 | 76 | +31.0% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Tybee Island-Wilmington Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 49 | +133.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Tybee Island-Wilmington Island in March 2024, up by 133.3% month-over-month. Of the 49 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for Tybee Island-Wilmington Island, GA
How long does it take to sell a home in Tybee Island-Wilmington Island, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 67 Days | +575.0% |
Summary: Homes in Tybee Island-Wilmington Island had an average of 67 days on market in Mar 2024, up by 575% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in Tybee Island-Wilmington Island; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.