Is Savannah, GA 31406 a buyer’s or seller’s market?

The Savannah housing market right now

In the three months ending August 31, 2026, 13% of homes in Savannah, GA 31406 sold above their list price, the typical home went under contract in 56 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 109 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold about as fast and the median sale price fell 12% to $354,097. Overall, Savannah is less competitive than a year ago, which gives buyers more room.

Within Chatham County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Savannah ranks #225 of 371 GA ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Savannah 31411 (3% sold over asking) or Savannah 31401 (5% sold over asking), while Savannah 31408 (21% sold over asking) and Port Wentworth 31407 (18% sold over asking) are even more competitive.