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Baldwin Park Bay Street Viaduct Area Beach Institute Blackshear Dixon Park Downtown Savannah (Downtown) East Victorian District Eastside Hitch Village (Fred Wessels Homes) Kayton (Frazier Area) Metropolitan Midtown North Historic District South Historic District Thomas Square West Victorian District Yamacraw Village

SAVANNAH, GA 31401

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 31401

Baldwin Park · Bay Street Viaduct Area · Beach Institute · Blackshear · Dixon Park · Downtown Savannah (Downtown) · East Victorian District · Eastside · Hitch Village (Fred Wessels Homes) · Kayton (Frazier Area) · Metropolitan · Midtown · North Historic District · South Historic District · Thomas Square · West Victorian District · Yamacraw Village

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SAVANNAH, GA real estate market (31401) currently shows 273 active listings, with 48 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has increased compared to last year, with 62 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 83 days on market compared to 67 days last year.

The median listing price has fallen 14.3% year-over-year, from $852,500 to $730,750.

Whether you are buying or selling in SAVANNAH, GA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 20,421  ·  Density: 2,310.1/mi²  ·  Median household income: $49,881

Typical home value: $478,029  ·  Homeownership: 34.2%

Market Overview

Active Listings
273
⇧ 29.4% vs 211 last year
Pending
48
18% pending ratio
Median Price
$730,750
⇩ 14.3% vs $852,500 last year
Average Price
$1,203,543
⇩ 19.1% vs $1,488,283 last year
Days on Market
83
⇧ 23.9% vs 67 days last year

Price Per Square Foot

Median $/sqft
$510
⇩ 1.7% vs $519/sqft last year
Median Home Size
1,761 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 273 this year vs 211 last year
  • Days on market: 83 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $730,750 (-14.3% YoY)
  • Average: $1,203,543 (-19.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.9 miles — 2,143 listings ($1,750,946,290 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
31401Savannah, GA 314010.0 mi246$299,672,280$712,475$1,218,180
31415Savannah, GA 314152.1 mi68$15,204,188$221,150$223,591
31405Savannah, GA 314055.2 mi224$137,059,328$447,500$611,872
31406Savannah, GA 314066.3 mi112$52,192,000$334,974$466,000
31411Savannah, GA 314119.5 mi102$107,384,580$902,750$1,052,790
31407Port Wentworth, GA 3140710.1 mi207$70,331,562$340,000$339,766
29927Hardeeville, SC 2992712.4 mi168$89,638,416$495,975$533,562
29915Daufuskie Island, SC 2991513.5 mi40$36,380,040$728,725$909,501
29910Bluffton, SC 2991016.1 mi485$602,593,100$689,500$1,242,460
31326Rincon, GA 3132617.7 mi193$77,752,173$360,700$402,861
31307Eden, GA 3130719.4 mi5$2,679,165$345,000$535,833
29926Hilton Head Island, SC 2992622.9 mi242$233,964,390$701,125$966,795
31308Ellabell, GA 3130823.9 mi51$26,095,068$377,200$511,668

Frequently Asked Questions

How many homes are for sale in SAVANNAH, GA 31401?

As of March 2026, there are 273 active listings in SAVANNAH, GA (zip code 31401), compared to 211 the prior year.

What is the median home price in SAVANNAH, GA 31401?

The median listing price in SAVANNAH, GA 31401 is $730,750 as of March 2026, a 14.3% decrease from $852,500 the prior year.

How long do homes stay on the market in SAVANNAH, GA?

Homes in SAVANNAH, GA 31401 spend an average of 83 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in SAVANNAH, GA 31401?

Based on current inventory and days-on-market data as of March 2026, SAVANNAH, GA 31401 is currently a Buyer's Market. Inventory has increased compared to last year, with 62 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 83 days on market compared to 67 days last year.

How much can I save on real estate commission in SAVANNAH, GA?

With SELL123.com's maximum 3% commission, sellers in SAVANNAH, GA 31401 save an estimated $14,615 compared to a typical 5% commission on the median listing price of $730,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.