GA · Metro #138

Savannah - GA housing market

The Savannah metro has a typical home value of $347,751, down 2.7% from a year ago. Homes sell in 37 days on average - a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$347,751
-2.7% vs. year ago
Median sale price
$341,207
-6.4% YoY
Median list price
$399,933
Sale-to-list ratio
97.2%
Selling below ask
Days on market
37d
Listings w/ price cut
26.4%
New listings / mo
655
+0.0% YoY
Homes for sale
2,574
+8.2% YoY
Typical rent
$1,774/mo
-1.6% YoY
Context

How to read this data

The typical home value ($347,751) is the Zillow Home Value Index for the Savannah - GA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 2.7% over the past year. A home worth $357,401 last year is now worth roughly $347,751.

The median sale price , what homes actually close for , is $341,207. Homes are selling at 97.2% of list price, meaning buyers have room to negotiate.

Homes listed in Savannah - GA sit on the market for roughly 37 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 655 new listings hit the market each month in Savannah - GA. There are currently 2,574 homes for sale, up 8.2% from a year ago.

The typical monthly rent in Savannah - GA is $1,774, down 1.6% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in GA

MetroHome value1-yr changeDays on market
Atlanta - GA$381,835 -2.3% 37.0d
Augusta - GA$247,401 +2.6% 30.0d
Columbus - GA$208,445 +2.7% 19.0d
Macon - GA$196,802 +1.9% 27.0d
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