Is Tybee Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tybee Island was a Seller's Market.
Key Takeaway
Tybee Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tybee Island, GA
How much do homes in Tybee Island, GA cost?
Median Sold Price
$655,000
$483/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 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 $655,000 in April 2024, the same as last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $375K | +7.1% |
| 2 Bedrooms | $500K | $497.5K | -0.5% |
| 3 Bedrooms | $664.5K | $663.5K | -0.2% |
| 4 Bedrooms | $990.9K | $1.0M | +3.4% |
| 5+ Bedrooms | $1.1M | $1.1M | +7.4% |
Summary: Tybee Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Tybee Island-Wilmington Island | $434.1K | $450K | +3.6% |
| Tybee Island | $655K | $655K | 0.0% |
Housing Supply in Tybee Island, GA
How many homes are available in Tybee Island, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 107 | -4.5% |
Summary: The Tybee Island real estate market had 107 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 9 | -30.8% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 31 | 26 | -16.1% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Tybee Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tybee Island, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Tybee Island in April 2024, down by 40.9% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.