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 November 2020

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.

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

Median Sold Price

$365,230

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$49,401(+15.6%)

Key Takeaway

Homes in Tybee Island-Wilmington Island have sold for 15.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $122.5K$140K
+14.3%
2 $172.5K$205K
+18.8%
3 $301K$348K
+15.6%
4 $382K$460K
+20.4%
5+ $637.5K$782K
+22.7%

Median Sold Price Compared To Nearby Cities

Tybee Island
+20.9%
Montgomery
+19.8%
Thunderbolt
+17.3%
Tybee Island-Wilmington Island
+15.6%
Savannah
+13.6%

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

Number of Homes For Sale

Oct 2021Nov 2021%
211184-12.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 86
-25.0%
2 3024
-20.0%
3 9174
-18.7%
4 5150
-2.0%
5+ 3130
-3.2%

Number of Homes Sold

Oct 2021Nov 2021%
6961-11.6%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

18 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. 42.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
12 Days46 Days+285.4%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

About Tybee Island-Wilmington Island, GA

Tybee Island-Wilmington Island, GA has 184 homes for sale to choose from. The number of homes for sale in Tybee Island-Wilmington Island, GA decreased by 12.8% between October 2021 and November 2021. While the average time on the market in November 2021 was 46 days, the median list price was $365,230. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 14.3% more expensive, 2 bedrooms properties became 18.8% more expensive, 3 bedrooms properties became 15.6% more expensive, 4 bedrooms properties became 20.4% more expensive, prices of 5 bedrooms properties increased by 22.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 25%, 2 bedrooms homes inventory decreased by 20%, the quantity of 3 bedrooms homes went down by 18.7%, 4 bedrooms homes inventory decreased by 2%, 5 bedrooms homes became 3.2% less available. Over 18 listings were sold over their listed price in November 2021 in Tybee Island-Wilmington Island, GA. In the same period over 26 listings were sold below the listed price and 17 listings were sold for the listed price.

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