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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tybee Island-Wilmington Island is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Tybee Island-Wilmington Island, GA

How much do homes in Tybee Island-Wilmington Island, GA cost?

Median Sold Price

$459,800

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$20,800(+4.7%)

Key Takeaway

Homes in Tybee Island-Wilmington Island have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Tybee Island-Wilmington Island was $459,800 in June 2024, up 4.7% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $241.5K$215K
-11.0%
2 $266.5K$285K
+6.9%
3 $425.5K$455K
+6.9%
4 $559K$600K
+7.3%
5+ $839.5K$855K
+1.8%

Summary: Tybee Island-Wilmington Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Thunderbolt
+13.6%
Montgomery
+12.0%
Savannah
+9.1%
Tybee Island-Wilmington Island
+4.7%
Tybee Island
+4.6%

Housing Supply in Tybee Island-Wilmington Island, GA

How many homes are available in Tybee Island-Wilmington Island, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
233241+3.4%

Summary: The Tybee Island-Wilmington Island real estate market had 241 homes for sale in June 2024, a 3.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1719
+11.8%
2 3643
+19.4%
3 8384
+1.2%
4 6265
+4.8%
5+ 3530
-14.3%

Summary: The Tybee Island-Wilmington Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
5244-15.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tybee Island-Wilmington Island, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Tybee Island-Wilmington Island in June 2024, down by 15.4% month-over-month. Of the 44 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% 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

Jun 2023Jun 2024CHANGE
35 Days37 Days+4.2%

Summary: Homes in Tybee Island-Wilmington Island had an average of 37 days on market in Jun 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Tybee Island-Wilmington Island are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 44 homes were sold in Tybee Island-Wilmington Island; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

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MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, and Georgia MLS for the period 07/01/2022 - 07/01/2024

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/26/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/26/2024, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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