Savannah, GA Housing Market: Prices, Inventory and Rents in 2026
Savannah home values were about $322,000 in August 2026, but the figures differ by source. This guide explains what each measure counts and what it means for buyers and sellers.
The Savannah GA housing market is showing softer prices, with the median home value at $322,239 as of August 2026 [1]. That is down 0.2% from the prior month and down 2.8% over the year [1]. For a buyer, the typical home is worth a little less than it was a year earlier. Learn more in El Paso TX Housing Market: Prices, Inventory and What to Expect.
Other sources report higher median listing or sale prices, so the number you see depends on the measure used [2][3]. A listing price reflects what sellers ask, while a sale price reflects what buyers paid.
Before you compare any two figures, note the period and scope of each one. Zillow's number covers August 2026 for Savannah, while the other figures in this article use different dates and areas [1].
Why do Savannah home price figures differ so much?
The three Savannah figures differ because each one measures something different: a median sale price, a median asking price, or an average over a period. They are not contradictions, and each answers a different question.
Sale prices show what homes closed for
Chatham County's median sale price for August was $350,500, down 2.6% from August 2025 [3]. This is a county-wide figure for homes that sold that month, not a city-only number. For a typical buyer, it is the closest measure of what homes actually cost.
The median is the middle value, so half of the sales were higher and half were lower. One unusually large or small sale barely moves it.
Listing prices show what sellers ask
Realtor.com reports a median listing price of $404K [2]. This counts the asking prices of homes currently for sale, not the prices they eventually sell for.
Asking prices can sit above final prices, so a listing median can read higher than a sale median for the same market.
Averages can move with a few sales
Redfin reports an average Savannah house price of $325K, down 4.4% from the prior period [4]. An average adds up every sale and divides by the count. A few very expensive or very cheap homes can pull it up or down, which makes it less steady than a median.
The average rises far more than the median would, because the single large sale carries the whole total. Redfin's figure also uses its own period and method, so it should not be subtracted from the county's August median.
How to compare them
Compare only figures that use the same measure and the same period. Use the sale median to see what homes closed for, the listing median to see current asking prices, and an average with its outliers in mind.
If you are buying, the sale median is usually the most useful starting point. If you are selling, the listing median shows what similar homes are being offered for right now.
How long do homes stay on the market in Savannah?
Homes in Savannah are taking several months to sell, which usually gives buyers more room to negotiate. A local report from September 2025 said homes were staying on the market an average of three to four months [5]. For you as a buyer, a listing that has sat for that long may be open to a lower offer or to requests for repairs.
What Redfin's score shows
Redfin rates the Savannah housing market at 37 out of 100 and describes it as somewhat competitive [4]. On that scale, well-priced homes can draw several offers, but the market is not one where every listing gets a crowd of bidders. Treat the score as a rough sense of competition rather than a precise measure. For more detail, see Clearwater, FL Housing Market: Prices, Inventory and Coastal Costs.
What time on market means for you
Time on market is the number of days a listing stays active before it sells. A longer time on market usually gives buyers more room to negotiate, while a shorter one favors sellers.
Here is how that plays out. Suppose a three-bedroom home has been listed for four months. You can reasonably offer below the asking price and ask the seller to cover a repair. If a similar home sold within a few weeks, you should expect less room to bargain and may need to offer close to the asking price to win it.
How to use this if you sell
If you sell, a home that sits for months suggests the asking price may be ahead of what buyers will pay. Compare your listing with homes that sold recently in your neighborhood, not only with citywide averages. A home in a historic district or a coastal area can sell differently from one farther inland, so local comparisons matter more than a single citywide number.
What are rents and apartment vacancy like in Savannah?
Realtor.com lists a median rent of $1.8K in Savannah, so that is the number to start with if you are budgeting for an apartment. [2] A median is the middle point: half the rents in the data sit above it and half sit below. Use it as a rough benchmark, then compare it with listings for the size and neighborhood you want.
Apartment vacancy
Vacancy rate is the share of rental units that are empty and available to rent, so a rise means more apartments were sitting unrented.
HUD described the apartment market in the area as slightly soft. [6] For a renter, that usually means landlords had more units to fill, which can leave more room to ask about concessions or a lower rent.
Treat the vacancy figure as history
The HUD vacancy number is from 2023, so treat it as history rather than a current reading. A vacancy rate can move a lot in a year, so a figure from two or three years ago tells you little about today's rents.
Before you sign a lease, look at current listings and ask the property manager how many units are available now.
Is Savannah a buyer's or a seller's market?
No single number settles whether Savannah favors buyers or sellers. Read the price trend, time on market and inventory together, and see whether they point the same way.
Price trend
Prices have fallen over the past year, according to Zillow's Savannah data [1]. When prices drop, sellers usually get less than they did before, and buyers have more room to ask for a lower price.
Time on market
Time on market is how long a listing stays active before it sells. Local reporting describes homes in Savannah staying on the market longer than they did a year earlier [5]. A longer wait weakens the seller's position, so a buyer who takes time to compare houses may get better terms.
Inventory
Inventory is the number of homes listed for sale at a given time. When listings pile up faster than buyers purchase them, buyers gain leverage. When listings are scarce, sellers do.
Suppose prices are falling, but homes still sell within a few weeks and only a few listings are active. Those signals disagree, so you cannot call the market settled. Read the three measures as a set, and treat any one of them as a clue rather than a verdict.
Read the figures as history
Forecasts are uncertain, so these figures describe past and current conditions, not future values. A falling trend shows what has already happened, not what prices will do next. Pull current inventory from the same data provider you use for prices, so all three measures cover the same dates.
What should you do with these Savannah housing numbers?
If you buy, compare the median sale price trend in your target neighborhood with the citywide figure. If the neighborhood is falling faster than the city, you may have more room to negotiate. If it is holding steady, expect less give.
If you sell, weigh time on market and recent price cuts before setting a price. If homes like yours sit for months and sellers keep cutting their asks, pricing at the top of the range will likely mean fewer showings. Price near what similar homes have recently sold for.
Check the most recent month's data from your source before you act, since these figures change monthly.