GA · Metro #138

Savannah - GA housing market

The Savannah metro has a typical home value of $348,054, down 2.6% from a year ago. Homes sell in 34 days on average - a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$348,054
-2.6% vs. year ago
Median sale price
$345,316
-1.5% YoY
Median list price
$399,966
Sale-to-list ratio
97.5%
Selling below ask
Days on market
34d
Listings w/ price cut
27.6%
New listings / mo
684
-3.3% YoY
Homes for sale
2,695
+3.7% YoY
Typical rent
$1,792/mo
-1.4% YoY
Context

How to read this data

The typical home value ($348,054) 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 2.6% over the past year. A home worth $357,345 last year is now worth roughly $348,054.

The median sale price , what homes actually close for , is $345,316. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.

Homes listed in Savannah - GA sit on the market for roughly 34 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 684 new listings hit the market each month in Savannah - GA. There are currently 2,695 homes for sale, up 3.7% from a year ago.

The typical monthly rent in Savannah - GA is $1,792, down 1.4% 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$382,938 -2.1% 33.0d
Augusta - GA$253,524 +2.8% 25.0d
Columbus - GA$209,527 +3.0% 17.0d
Macon - GA$200,228 +2.3% 24.0d
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