Savannah, GA Home Values & Market Trends

Real estate market trends reflect that there have been 4,784 transactions over the past year in Savannah. The median value for residential home transactions that occurred over the previous year is $295,783.26. The number of current listings in Savannah is 692, and the percentage of properties for sale in the city is 692.00%. Savannah, GA currently has 68 properties in foreclosure, 1 bank owned properties, 67 properties headed for auction, and 692 properties for sale.

Savannah, GA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
31405

$ 385,000

$ 204/sqft

31411

$ 837,387

$ 283/sqft

31410

$ 454,871

$ 237/sqft

31415

$ 190,328

$ 136/sqft

31419

$ 293,807

$ 169/sqft

31408

$ 197,232

$ 117/sqft

31404

$ 284,000

$ 212/sqft

31421

$ 370,958

$ 145/sqft

31401

$ 600,000

$ 357/sqft

31409

$ --

$ --

31406

$ 335,871

$ 215/sqft

Housing Market Summary for Savannah, GA

Apr 2023March 2024Change
Median Listing Price$383.1K$319K-16.72%
Median Sold Price$294.1K$319K8.50%
Homes For Sale43564047.13%
Homes Sold1,7171,7542.15%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Savannah, GA

Savannah home values range from $18,752 to $59,090,054. The median estimated value of a home in Savannah is $295,783.26. The median list price of a home is 396,500, and the total count of properties in the city is 78,843.

Foreclosure
There are 11 zips within Savannah, GA; within these zips, the median estimated home value for homes in foreclosure ranges from $1,223,673 in 31405 to the lowest value of $63,984 in 31405. Foreclosure homes account for 0.00% of properties in Savannah, GA with 31405 containing 18 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Savannah, GA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 11 zips within Savannah, GA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Savannah, GA ranges from the highest value of $144,005 in 31419 to the lowest value of $144,005 in 31419. Bank owned homes and properties account for 0.00% of properties in Savannah, GA. There are 11 zips within Savannah, GA; 31419 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    31405 has 18 auction properties, the highest number of properties going to auction in a single zip in the state of Savannah, GA. Auction homes and other auction properties account for 0.08% of all properties in Savannah, GA. There are 11 zips within Savannah, GA; of those zips, the median estimated home value for homes going to auction ranges from $598,500 in 31411 to the lowest value of $63,984 in 31411.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.88% of residential properties in Savannah, GA with 31405 containing 104 homes for sale, the highest number of listed properties in a single zip. There are 11 zips within Savannah, GA; homes for sale in those zips, have a range of median values from $3,705,315 in 31411 to the lowest value of $42,830 in 31415.
    Sold Homes
    The median value for recently sold homes ranges from $3,717,853 in 31411 to the lowest price of $19,686 in 31411. There are 11 zips within Savannah, GA. 31419 has 356 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.31% of properties in Savannah, GA.

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      Guide for Savannah, GA

      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports
      Atlanta Real Estate Market Snapshot – March 2024
      Home Buying Guides & Tips
      Georgia Foreclosure Laws
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      See More Articles
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Atlanta Real Estate Market Snapshot – March 2024
      Market Reports|posted 28 March 2024

      The Atlanta real estate market, with values and inventory levels fluctuating, continues to evolve based on numerous factors. Detailed data, including average property value, per square foot value, and property counts, outlines these trends, enabling buyers, sellers, and investors to understand and navigate the market effectively.

      Georgia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Georgia foreclosure laws and processes are important to know for real estate investors. Get all the information on GA foreclosure timelines and laws here

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Recently Listed Homes Savannah, GA

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