Savannah, GA Housing Market
AI-powered market intelligence for the Savannah, GA metro area.
PropertyIQ Scores
Savannah, GA Market Analysis
Market Overview
Savannah’s housing market currently reads as weak, with a PropertyIQ Score of 5 out of 100. The score is heavily influenced by negative home value momentum: a 12-month change of -0.82% and a 3-month change of -1.17%. Median days on market of 76 and a price cut share of 24.2% also weigh on the score, signaling slower sales and more negotiable pricing than a balanced or seller-favored market would typically show.
Compared with Georgia state averages, Savannah’s median home value of $345,393 sits about $11,274 above the state average of $334,119, but that modest premium is not supported by price momentum. The rent index of $1,818 is substantially higher than the state average of $1,306, which may reflect stronger rental demand. Unemployment at 3.5% is nearly identical to the state’s 3.4%, and median household income of $74,632 is essentially in line with the state average of $74,664. Population growth data is not available, which limits a full demand-side read.
Key Trends
The clearest trend is softening home value momentum. The 3-month price movement of -1.17% is more negative than the 12-month movement of -0.82%, indicating that price declines have steepened recently rather than stabilized. The reported home value year-over-year change of -$4 is essentially flat in dollar terms, but the percentage momentum measures suggest downward pressure has emerged in the latest period.
A second trend is slower market turnover. With a median of 76 days on market and 2,443 homes for sale, Savannah is not moving inventory quickly. The 24.2% share of listings with a price cut reinforces that many sellers are adjusting expectations to attract buyers. Together, these metrics point to a buyer-favorable environment where negotiation room is more common than in a competitive market.
A third trend is an affordability mismatch. The median home value of $345,393 is high relative to the median household income of $74,632, especially when compared with the state, where a slightly higher median income of $74,664 supports a lower median home value of $334,119. This suggests Savannah homes are somewhat less affordable for local incomes than the state benchmark, even though the gap is not extreme.
Finally, rental fundamentals look stronger than ownership momentum. Savannah’s rent index of $1,818 is well above the state average of $1,306, creating a notable divergence: rents are comparatively high while home values are losing momentum. For investors, that may signal more relative strength in rental demand than in price appreciation.
Who Is This Market For
This market is best suited to patient buyers and income-oriented investors rather than sellers looking for quick appreciation. First-time buyers may find opportunity in the 24.2% of listings with price cuts and a median days on market of 76, which can create room for negotiation. However, the median home value of $345,393 remains a hurdle relative to the median household income of $74,632, so affordability is still a constraint for many local households.
Investors focused on rental income may find Savannah more compelling than the broader Georgia averages because the rent index of $1,818 is $512 above the state average of $1,306. Still, the weak PropertyIQ Score of 5/100 and negative home value momentum mean that investors should not count on near-term appreciation. Move-up buyers may face challenges selling their current homes in a slow market, even if they can negotiate on their next purchase.
Outlook
The near-term outlook remains cautious based on the available data. The 3-month home value momentum of -1.17% is more negative than the 12-month change of -0.82%, which suggests price softness has not yet leveled off. With 76 days on market, 2,443 homes for sale, and a 24.2% price cut share, buyers are likely to retain leverage. At the same time, unemployment of 3.5% and median household income of $74,632 provide a stable economic backdrop compared with state benchmarks. The rent index of $1,818 remains a bright spot, potentially supporting investor interest. Population growth data is unavailable, so longer-term demand trends cannot be fully assessed. Until home value momentum turns positive or days on market decline, the data supports continued softness in the Savannah market.
AI-generated analysis based on current market data. Last updated August 18, 2026.
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Savannah, GA market data
Savannah, GA Housing Market Overview
Savannah, GA's median home value is $345K, down 0.8% over the past year. Homes here sell in a median 76 days. Its PropertyIQ Score of 5 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The Savannah, GA metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
The South Atlantic region continues to attract domestic migration with its combination of job growth, favorable tax environments, and year-round climate. Markets range from rapidly appreciating tech corridors to established retirement destinations with strong rental demand. Within the South Atlantic, Savannah, GA's PropertyIQ Score of 5 runs below the South Atlantic norm.
Georgia's housing market is anchored by metro Atlanta's emergence as a major corporate and logistics hub. Film industry growth and port expansion in Savannah add economic diversification beyond traditional sectors.
The PropertyIQ Score for the Savannah, GA market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been negative, with home values down 0.8% over the past year.
View Savannah, GA's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Savannah, GA metro area
ZIP codes in the Savannah, GA metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Savannah, GA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Savannah, GA currently scores 5, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $345K, down 0.8% over the past year. So whether Savannah, GA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Savannah, GA?
Savannah, GA's PropertyIQ Score is 5, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 5 places Savannah, GA below its state benchmark.
Are home prices in Savannah, GA rising or falling?
Home prices in Savannah, GA are falling. Over the past year, the median home value declined 0.8%, reaching $345K. Over the latest three months, values slipped 1.2%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Savannah, GA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Savannah, GA?
In Savannah, GA, homes sell in a median of 76 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 24% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Savannah, GA market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.