Is Savannah, GA 31401 a buyer’s or seller’s market?

The Savannah housing market right now

In the three months ending August 31, 2026, 5% of homes in Savannah, GA 31401 sold above their list price, the typical home went under contract in 102 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 96 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (4% then), homes sold more slowly (81 days then) and the median sale price fell 16% to $559,758. Overall, Savannah is less competitive than a year ago, which gives buyers more room.

Within Chatham County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell less often over asking than in 92%. On our competition score, Savannah ranks #366 of 371 GA ZIP codes with enough sales (score 6 out of 100).

Nearby, buyers who want less competition could look at Savannah 31411 (3% sold over asking), while Savannah 31408 (21% sold over asking) and Port Wentworth 31407 (18% sold over asking) are even more competitive.