$215,000
310 Tibet Ave Apt 8
Savannah, GA
2 bd2 ba
Condo
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Compass Real Estate · Savannah, GA
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Savannah, GA(512) 555-0184TX License #0512847
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Savannah, GA Housing Market
Buyer's market-3.9% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Savannah, GA is worth $322,239, fell 3.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $340,000, -0.3% year over year (through May 2026). With 5.6 months of supply and homes going under contract in about 88 days, Savannah is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $322,239 home is about $1,720/mo in principal and interest.
Key numbers for Savannah, GA
Typical home value
$322,239
-3.9% in 12 months
Zillow, August 2026
Typical asking rent
$1,757/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$340,000
-0.3% year over year
Redfin, through May 2026
Days on market
88
Slow-moving
Redfin, through May 2026
Active listings
1,071
5.6 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$56,782
Home costs 5.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Savannah a buyer's or seller's market?
Buyer's market5.6 months of supply88 days on market97.7% of asking
Savannah, GA is a buyer's market, based on 5.6 months of supply and homes selling in about 88 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Savannah housing market data show?
Every row below is Redfin's final published month for Savannah, GA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $340,000 |
| Median list price | $369,000 |
| Year-over-year price change | -0.3% |
| Median price per sq ft | $199/sq ft |
| Median days on market | 88 days |
| Active inventory | 1,071 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 97.7% |
| Homes sold (that month) | 191 |
| New listings (that month) | 263 |
| Listings with a price cut | 27.5% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Savannah is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Savannah is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Savannah home prices moved?
Over the last three years the median sale price in Savannah, GA rose 3.9%, from $327,268 to $340,000. The live Zillow value series has fell 3.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.5% of Savannah listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.6 months while the sale-to-list ratio slips below its current 97.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Savannah?
Priced off the typical home value of $322,239 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $64,448 | $257,791 | $1,720/mo |
| 5% | $16,112 | $306,127 | $2,043/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,720, that implies roughly $73,727 a year before you add taxes and insurance. The median household in Savannah earns $56,782, about $16,945 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Savannah in the next 12 months?
Tell us your timeline. We send the Savannah market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Savannah?
Typical asking rent in Savannah, GA is $1,757/mo, against a typical home value of $322,239. That is a price-to-rent ratio of 15.3x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,720 a month — $37 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Savannah?
Active listings in Savannah, GA went from 929 in May 2025 to 1,071 in May 2026, a +15.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 953 | 269 |
| July 2025 | 973 | 288 |
| August 2025 | 975 | 264 |
| September 2025 | 955 | 211 |
| October 2025 | 990 | 263 |
| November 2025 | 1,001 | 210 |
| December 2025 | 874 | 156 |
| January 2026 | 920 | 233 |
| February 2026 | 968 | 266 |
| March 2026 | 1,021 | 312 |
| April 2026 | 1,091 | 309 |
| May 2026 | 1,071 | 263 |
Redfin, through May 2026
How does Savannah compare to Georgia and the U.S.?
Savannah homes sell for $340,000 — 13% below the Georgia median of $389,000. Against the national median of $410,700, Savannah runs 17% lower. Year-over-year, Savannah moved -0.3% against Georgia's +1.6% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Savannah, GA | $340,000 | -0.3% | 88 days |
| Georgia statewide | $389,000 | +1.6% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Savannah
What buyers should watch
- Months of supply, currently 5.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.5%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $323 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $322,239 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Savannah listing goes under contract in 88 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Savannah added 263 new listings against 191 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -3.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Savannah varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Savannah
There are currently 1,071 homes listed for sale in Savannah, Georgia. The median listing price is $369K. Featured listings range from $215,000 to $432,188.
$265,000
24 W 49th St
Savannah, GA
2 bd2 ba1,376 sqft$193/ft²
House8,407 sqft lot
View photos & details
$289,000
6 Jasmine Ct
Savannah, GA
3 bd2 ba1,518 sqft$190/ft²
House7,405 sqft lot
View photos & details
$300,000
171 Greyfield Cir
Savannah, GA
4 bd3 ba1,902 sqft$158/ft²
House8,799 sqft lot
View photos & details
$333,994
125 Wilderness Rd
Savannah, GA
3 bd2 ba1,504 sqft$222/ft²
House
View photos & details
$365,120
183 Brookline Dr
Savannah, GA
3 bd2 ba1,821 sqft$201/ft²
House
View photos & details
$369,469
132 Geranium Way
Savannah, GA
5 bd4 ba2,407 sqft$153/ft²
House
View photos & details
$393,616
197 Brookline Dr
Savannah, GA
4 bd3 ba1,870 sqft$210/ft²
House
View photos & details
$401,243
241 Green Meadow Dr
Savannah, GA
3 bd3 ba2,428 sqft$165/ft²
House
View photos & details
$413,875
127 Wilderness Rd
Savannah, GA
4 bd4 ba2,516 sqft$164/ft²
House
View photos & details
$427,570
222 Brookline Dr
Savannah, GA
5 bd3 ba2,956 sqft$145/ft²
House
View photos & details
$432,188
47 Blues Dr
Savannah, GA
5 bd3 ba2,956 sqft$146/ft²
House
View photos & details
Looking to buy in Savannah?
Get connected with a local real estate expert — free, no obligation.
Active listings
1,071
Homes on market
Median list price
$369K
Avg. days on market
88
Days until sale
New this week
263
Newly listed
Price drops:27.5%of listings
Sale-to-list:97.7%
How much do homes cost in Savannah by property type?
How the Savannah, GA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $345,000 | $199/sq ft | 155 | 83 days |
| Condo / co-op | $225,750 | $184/sq ft | 14 | 111 days |
| Townhouse | $335,000 | $205/sq ft | 15 | 96 days |
Who lives in Savannah?
American Community Survey estimates for Savannah. U.S. Census ACS, 2023
Population
147,546
Households
58,632
Median income
$56,782/yr
Median age
33.7 years
Owner-occupied
44.4%
Median home value
$225,200
Median gross rent
$1,302/mo
Mean commute
20.4 min
44.4% of occupied homes in Savannah are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $225,200 against Zillow's $322,239 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,302/mo, below Zillow's $1,757/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Savannah?
49 schools tracked · 27,721 students
The largest public schools serving Savannah, GA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Jenkins High School
Grades 9-12 · 1,179 students
Godley Station School
Grades PK-8 · 1,133 students
Windsor Forest High School
Grades 9-12 · 1,007 students
Hesse School
Grades PK-8 · 995 students
Beach High School
Grades 9-12 · 904 students
Gould Elementary School
Grades PK-5 · 887 students
Savannah Arts Academy
Grades 9-12 · 853 students
Islands High School
Grades 9-12 · 814 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Savannah, GA?
Ordered by distance from Savannah, not by size. Compare Savannah side by side with any of them.
Savannah housing market FAQ
Is Savannah a buyer's or seller's market?
Savannah, GA is currently a buyer's market. That read comes from 5.6 months of supply, homes going under contract in about 88 days, and sellers getting 97.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Savannah?
The typical home in Savannah, GA is worth $322,239 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $340,000, about $199 per square foot.
Is Savannah cheaper than the rest of Georgia?
Savannah's median sale price of $340,000 is 13% lower than the Georgia statewide median of $389,000, and 17% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Savannah?
Homes in Savannah, GA spent a median of 88 days on market before going under contract, versus 49 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Savannah?
At the current 30-year fixed rate of 7.03%, 20% down on a $322,239 home is about $1,720 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $73,727 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $56,782.
Are home prices rising in Savannah?
The typical home value in Savannah, GA fell 3.9% over the last 12 months, from $335,321 to $322,239 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Savannah?
Savannah ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Savannah?
That depends on your timeline, not on a headline. What the data says today: Savannah, GA is a buyer's market with 5.6 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 15.3x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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