$2,927 Closing Credit*
$246,500
395 SqFt
1 Bed
•1 Full Bath
Mary Smith, Listing Office: Keller Williams Realty Coastal
Is Tybee Island-Wilmington 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-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
$472,690
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,690(+7.4%)
Key Takeaway
Homes in Tybee Island-Wilmington Island have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Tybee Island-Wilmington Island was $472,690 in October 2024, up 7.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $213.5K | -39.0% |
| 2 Bedrooms | $269K | $300K | +11.5% |
| 3 Bedrooms | $452.5K | $468K | +3.4% |
| 4 Bedrooms | $539.2K | $600K | +11.3% |
| 5+ Bedrooms | $842.5K | $955K | +13.4% |
Summary: Tybee Island-Wilmington Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Tybee Island | $643K | $733.2K | +14.0% |
| Savannah | $335.5K | $364.5K | +8.7% |
| Montgomery | $710.5K | $765.1K | +7.7% |
| Tybee Island-Wilmington Island | $440K | $472.6K | +7.4% |
| Thunderbolt | $425K | $439K | +3.3% |
Housing Supply in Tybee Island-Wilmington Island, GA
How many homes are available in Tybee Island-Wilmington Island, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 235 | 257 | +9.4% |
Summary: The Tybee Island-Wilmington Island real estate market had 257 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 43 | 48 | +11.6% |
| 3 Bedrooms | 94 | 99 | +5.3% |
| 4 Bedrooms | 58 | 64 | +10.3% |
| 5+ Bedrooms | 26 | 31 | +19.2% |
Summary: The Tybee Island-Wilmington Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tybee Island-Wilmington Island, you may be able to get a good deal. 75.9% 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 October 2024, the same as the previous month. Of the 29 sold homes, 76% were sold under asking, 10% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +32.1% |
Summary: Homes in Tybee Island-Wilmington Island had an average of 14 days on market in Oct 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were 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-Wilmington Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Tybee Island-Wilmington Island; 14% 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.
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.