Savannah Mid-year Market Check-In: What's Really Happening with Single-Family Homes

The Headline Number: Median Sales Price

Let's start where everyone's mind goes first.

• Median sales price (Jan-June 2026): $349,633

This time last year, the median sales price was $360,000, meaning that we’ve seen a -2.9% decrease in sales price this year. Here's what that number actually tells you: Savannah is a healthier, more balanced market after years of unusually fast appreciation. Home values remain strong, but today’s buyers are more selective, giving sellers less room to overprice their homes and expect multiple offers.

Inventory: What's Actually Coming to Market?

Everyone wants to know if there's "nothing to buy" right now. Let's settle it.

• New listings (Jan-June 2026): 5,777
• Homes currently for sale (active inventory): 3,013

Inventory has increased enough to give buyers more choices than they’ve had in several years, but the market isn’t oversaturated. Buyers have gained more negotiating power on price, repairs, and seller concessions, while sellers are facing more competition and need to price their homes strategically to stand out.

The Pulse Check: Pending and Closed Sales

This is where you see whether buyers are actually pulling the trigger, not just window shopping on Zillow at midnight.

• Pending sales (Jan-June 2026): 3,866
• Closed sales (Jan-June 2026): 3,659

The strong number of pending sales relative to closed sales shows that buyers are still actively making offers and moving forward with purchases. While they’re taking more time to compare homes and negotiate than they did a few years ago, confidence in the Savannah market remains solid and well-priced homes continue to attract serious buyers.

Speed of the Market: Days on Market

"How fast are homes selling?" depends a lot on which average you're looking at, and the gap between the two tells its own story.

Metric	Days
Median Days on Market	59
Average Days on Market	81

The 22-day gap between the median and average days on market tells us that most homes are selling faster than the average suggests. A smaller group of overpriced or less desirable properties are lingering on the market long enough to pull the average higher, while well-priced, move-in ready homes continue to sell relatively quickly.

Median Price Per Square Foot

Metric	Price/Sq Ft
Median Price Per Square Foot	$186

Neither. Savannah has transitioned into a balanced market where buyers have more leverage than they’ve had in years, but demand remains strong enough that well-priced homes are still selling. The days of sellers naming their price and expecting multiple offers overnight are largely behind us, but this is far from a market downturn; it's a healthier, more sustainable market where preparation, pricing, and strategy matter more than ever.