$2,927 Closing Credit*
$246,500
395 SqFt
1 Bed
•1 Full Bath
Mary Smith, Listing Office: Keller Williams Realty Coastal
Is Tybee Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$733,200
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$90,200(+14.0%)
Key Takeaway
Homes in Tybee Island have sold for 14% more than they did a year ago.
Summary: The median home sold price in Tybee Island was $733,200 in October 2024, up 14% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $320K | -14.7% |
| 2 Bedrooms | $500K | $497.5K | -0.5% |
| 3 Bedrooms | $655K | $745K | +13.7% |
| 4 Bedrooms | $925K | $1.0M | +13.5% |
| 5+ Bedrooms | $1.5M | $1.0M | -31.3% |
Summary: Tybee Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
| Tybee Island | $643K | $733.2K | +14.0% |
| Tybee Island-Wilmington Island | $440K | $472.6K | +7.4% |
Housing Supply in Tybee Island, GA
How many homes are available in Tybee Island, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 123 | +8.8% |
Summary: The Tybee Island real estate market had 123 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 25 | 30 | +20.0% |
| 3 Bedrooms | 48 | 49 | +2.1% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Tybee Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Tybee Island in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tybee Island, GA
How long does it take to sell a home in Tybee Island, GA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tybee Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Tybee Island; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
