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 April 2023
Since last year, Tybee Island-Wilmington Island has remained a Seller's Market.
Key Takeaway
Tybee Island-Wilmington Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tybee Island-Wilmington Island, GA
How much do homes in Tybee Island-Wilmington Island, GA cost?
Median Sold Price
$450,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tybee Island-Wilmington Island have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Tybee Island-Wilmington Island was $450,000 in April 2024, up 3.6% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $227.5K | -11.8% |
| 2 Bedrooms | $264.4K | $275K | +4.0% |
| 3 Bedrooms | $410K | $459K | +12.0% |
| 4 Bedrooms | $575K | $587K | +2.1% |
| 5+ Bedrooms | $925K | $835K | -9.7% |
Summary: Tybee Island-Wilmington Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Thunderbolt | $362K | $439K | +21.3% |
| Savannah | $299.8K | $354K | +18.1% |
| Montgomery | $660.3K | $733.7K | +11.1% |
| Tybee Island-Wilmington Island | $434.1K | $450K | +3.6% |
| Tybee Island | $655K | $655K | 0.0% |
Housing Supply in Tybee Island-Wilmington Island, GA
How many homes are available in Tybee Island-Wilmington Island, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 250 | 261 | +4.4% |
Summary: The Tybee Island-Wilmington Island real estate market had 261 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 19 | -20.8% |
| 2 Bedrooms | 37 | 42 | +13.5% |
| 3 Bedrooms | 90 | 95 | +5.6% |
| 4 Bedrooms | 73 | 74 | +1.4% |
| 5+ Bedrooms | 26 | 31 | +19.2% |
Summary: The Tybee Island-Wilmington Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 60 | +22.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
15 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. 50% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Tybee Island-Wilmington Island in April 2024, up by 22.4% month-over-month. Of the 60 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -15.4% |
Summary: Homes in Tybee Island-Wilmington Island had an average of 30 days on market in Apr 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tybee Island-Wilmington Island has remained consistent over time.
Summary: During April 2024, 60 homes were sold in Tybee Island-Wilmington Island; 2% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024. 
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.