Is Saint Simons Island, 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 Island was a Seller's Market.
Key Takeaway
Saint Simons Island 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 Island, GA
How much do homes in Saint Simons Island, GA cost?
Median Sold Price
$675,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Simons Island have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Saint Simons Island was $675,000 in May 2024, up 3.7% from last year, and the median price per square foot was $322.
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 | $385.7K | +13.6% |
| 3 Bedrooms | $582K | $635K | +9.1% |
| 4 Bedrooms | $740K | $870K | +17.6% |
| 5+ Bedrooms | $1.2M | $807K | -34.6% |
Summary: Saint Simons Island 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 13.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Saint Simons | $650K | $675K | +3.8% |
| Saint Simons Island | $651K | $675K | +3.7% |
| Darien | $262.4K | $271K | +3.3% |
| Brunswick | $323.7K | $319.9K | -1.2% |
Housing Supply in Saint Simons Island, GA
How many homes are available in Saint Simons Island, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 97 | +18.3% |
Summary: The Saint Simons Island real estate market had 97 homes for sale in May 2024, a 18.3% 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 | 16 | 16 | 0.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 27 | 37 | +37.0% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Saint Simons Island 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 37%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
9 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 Island, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Saint Simons Island in May 2024, up by 14.3% 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 Saint Simons Island, GA
How long does it take to sell a home in Saint Simons Island, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 41 Days | +4.3% |
Summary: Homes in Saint Simons Island had an average of 41 days on market in May 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
8 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 Island are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Saint Simons Island; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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.