Is Savannah, TN 38372 a buyer’s or seller’s market?
Savannah is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 18% of U.S. ZIP codes, and #200 of 299 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, 13% of homes in Savannah, TN 38372 sold above their list price, the typical home went under contract in 44 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 62 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (74 days then) and the median sale price rose 12% to $247,893. Overall, Savannah is more competitive than a year ago, so tougher for buyers.
Within Hardin County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Savannah ranks #200 of 299 TN ZIP codes with enough sales (score 24 out of 100).
Nearby, buyers who want less competition could look at Olivehill 38475 (0% sold over asking) or Saltillo 38370 (0% sold over asking), while Shiloh 38376 (100% sold over asking) and Crump 38327 (25% sold over asking) are even more competitive.
Run the numbers for 38372
Nearby markets
Counce 38326Balanced $173 /sq ftCrump 38327Seller’s market $151 /sq ftMilledgeville 38359 $142 /sq ftMorris Chapel 38361Buyer’s market $202 /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 buyer’s market: there were 8.3 months of supply in Savannah, TN 38372 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 44 days in the latest three months.
Do homes in Savannah sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Savannah?
About 0.41% of a home’s value a year in Hardin County, or roughly $1,640 on a $400,000 home.
What is the median home price in Savannah?
The median sale price was $247,893 in the three months ending August 31, 2026, about $152 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