$8,906 Closing Credit*
$750,000
720 SqFt
1 Bed
•1 Full Bath
Carol Pollock, Listing Office: Golden Isles Realty
Is Saint Simons Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Saint Simons Island was a Seller's Market.
Key Takeaway
Saint Simons Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Simons Island, GA
How much do homes in Saint Simons Island, GA cost?
Median Sold Price
$755,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$103,750(+15.9%)
Key Takeaway
Homes in Saint Simons Island have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Saint Simons Island was $755,000 in November 2024, up 15.9% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $311.5K | $318.4K | +2.2% |
| 2 Bedrooms | $385K | $380K | -1.3% |
| 3 Bedrooms | $635K | $600K | -5.5% |
| 4 Bedrooms | $740K | $1.4M | +100.7% |
| 5+ Bedrooms | $905K | $1.3M | +45.3% |
Summary: Saint Simons Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 100.7%, and 5+ bedroom homes increased by 45.3%.
Median Sold Price Compared To Nearby Cities
| Saint Simons | $651.2K | $760K | +16.7% |
| Saint Simons Island | $651.2K | $755K | +15.9% |
| Darien | $270.4K | $270K | -0.2% |
| Brunswick | $322.7K | $316.6K | -1.9% |
Housing Supply in Saint Simons Island, GA
How many homes are available in Saint Simons Island, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 88 | -1.1% |
Summary: The Saint Simons Island real estate market had 88 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 32 | 29 | -9.4% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Saint Simons Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 4 | -76.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Simons Island, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Saint Simons Island in November 2024, down by 76.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Saint Simons Island, GA
How long does it take to sell a home in Saint Simons Island, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 68 Days | +10.5% |
Summary: Homes in Saint Simons Island had an average of 68 days on market in Nov 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Saint Simons Island are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Saint Simons Island; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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