Is Tybee Island, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tybee Island was a Seller's Market.
Housing Prices in Tybee Island, GA
How much do homes in Tybee Island, GA cost?
Median Sold Price
$655,000
$483/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Tybee Island was $655,000 in April 2024, the same as last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $375K | +7.1% |
2 Bedrooms | $500K | $497.5K | -0.5% |
3 Bedrooms | $664.5K | $663.5K | -0.2% |
4 Bedrooms | $990.9K | $1.0M | +3.4% |
5+ Bedrooms | $1.1M | $1.1M | +7.4% |
Summary: Tybee Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
Tybee Island-Wilmington Island | $434.1K | $450K | +3.6% |
Tybee Island | $655K | $655K | 0.0% |
Housing Supply in Tybee Island, GA
How many homes are available in Tybee Island, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 107 | -4.5% |
Summary: The Tybee Island real estate market had 107 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 9 | -30.8% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 35 | 35 | 0.0% |
4 Bedrooms | 31 | 26 | -16.1% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Tybee Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 13 | -40.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Tybee Island in April 2024, down by 40.9% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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