Is Saint Simons, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Saint Simons was a Seller's Market.
Key Takeaway
Saint Simons is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Saint Simons, GA
How much do homes in Saint Simons, GA cost?
Median Sold Price
$675,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Simons have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Saint Simons was $675,000 in May 2024, up 3.8% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.5K | $316.9K | -25.9% |
| 2 Bedrooms | $339.5K | $392.7K | +15.7% |
| 3 Bedrooms | $581K | $635K | +9.3% |
| 4 Bedrooms | $740K | $870K | +17.6% |
| 5+ Bedrooms | $1.2M | $807K | -34.6% |
Summary: Saint Simons housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Everett | $322.5K | $339.9K | +5.4% |
| Saint Simons | $650K | $675K | +3.8% |
| Saint Simons Island | $651K | $675K | +3.7% |
Housing Supply in Saint Simons, GA
How many homes are available in Saint Simons, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 95 | +21.8% |
Summary: The Saint Simons real estate market had 95 homes for sale in May 2024, a 21.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 27 | 37 | +37.0% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Saint Simons housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Simons, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Saint Simons in May 2024, up by 25.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Saint Simons, GA
How long does it take to sell a home in Saint Simons, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +7.0% |
Summary: Homes in Saint Simons had an average of 42 days on market in May 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Simons are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Saint Simons; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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