Is Savannah, GA 31411 a buyer’s or seller’s market?
Savannah is a seller’s market. With about 3.4 months of supply and 3% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 9% of U.S. ZIP codes, and #328 of 371 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Savannah housing market right now
In the three months ending August 31, 2026, 3% of homes in Savannah, GA 31411 sold above their list price, the typical home went under contract in 69 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 79 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold more slowly (62 days then) and the median sale price rose 3% to $974,578. Overall, Savannah is less competitive than a year ago, which gives buyers more room.
Within Chatham County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Savannah ranks #328 of 371 GA ZIP codes with enough sales (score 16 out of 100).
Nearby, Savannah 31408 (21% sold over asking) and Port Wentworth 31407 (18% sold over asking) are even more competitive.
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Nearby markets
Bloomingdale 31302Balanced $164 /sq ftPooler 31322Balanced $180 /sq ftPort Wentworth 31407Balanced $168 /sq ftSavannah 31401Buyer’s market $346 /sq ft Browse all markets →Towns like Savannah nearby
Find towns like Savannah in other states →Where Savannah is
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Questions about Savannah real estate
Is Savannah a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Savannah, GA 31411 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Savannah?
The typical home went under contract in 69 days in the latest three months.
Do homes in Savannah sell over asking?
3% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Savannah?
About 0.84% of a home’s value a year in Chatham County, or roughly $3,360 on a $400,000 home.
What is the median home price in Savannah?
The median sale price was $974,578 in the three months ending August 31, 2026, about $308 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology