Is Tybee Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$660,000
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since May 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 $660,000 in May 2024, up 0.1% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $375K | +4.2% |
| 2 Bedrooms | $515K | $497.5K | -3.4% |
| 3 Bedrooms | $659K | $677K | +2.7% |
| 4 Bedrooms | $997.5K | $1.0M | +2.8% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.1% |
Summary: Tybee Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Tybee Island-Wilmington Island | $443.9K | $451.2K | +1.6% |
| Tybee Island | $659.5K | $660K | 0.1% |
Housing Supply in Tybee Island, GA
How many homes are available in Tybee Island, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 109 | +18.5% |
Summary: The Tybee Island real estate market had 109 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Tybee Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tybee Island, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Tybee Island in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
Based on information from the Georgia MLS © 2024. 
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.