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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tybee Island-Wilmington Island was a Seller's Market.

Key Takeaway

Tybee Island-Wilmington 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-Wilmington Island, GA

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

Median Sold Price

$474,600

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,833(+6.7%)

Key Takeaway

Homes in Tybee Island-Wilmington Island have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Tybee Island-Wilmington Island was $474,600 in November 2024, up 6.7% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $335K$215K
-35.8%
2 $269.5K$305.6K
+13.4%
3 $468.3K$463.8K
-1.0%
4 $550K$602.5K
+9.5%
5+ $832K$955K
+14.8%

Summary: Tybee Island-Wilmington Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.8%, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Cities

Tybee Island
+10.2%
Savannah
+7.4%
Tybee Island-Wilmington Island
+6.7%
Montgomery
+2.9%

Housing Supply in Tybee Island-Wilmington Island, GA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
241254+5.4%

Summary: The Tybee Island-Wilmington Island real estate market had 254 homes for sale in November 2024, a 5.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1621
+31.3%
2 4753
+12.8%
3 9288
-4.3%
4 5861
+5.2%
5+ 2831
+10.7%

Summary: The Tybee Island-Wilmington Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 10.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3029-3.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 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. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Tybee Island-Wilmington Island in November 2024, down by 3.3% month-over-month. Of the 29 sold homes, 62% were sold under asking, 28% were sold at asking, and 10% were sold over asking.

Days on Market for Tybee Island-Wilmington Island, GA

How long does it take to sell a home in Tybee Island-Wilmington Island, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days8 Days-78.6%

Summary: Homes in Tybee Island-Wilmington Island had an average of 8 days on market in Nov 2024, down by 78.6% compared to last year.

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

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.

Summary: During November 2024, 29 homes were sold in Tybee Island-Wilmington Island; 3% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, Georgia MLS, and First Multiple Listing Service Inc. for the period 12/01/2022 - 12/01/2024

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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