Call or Text (240) SELL-123
Avalon (Oglethorpe Mall Area) Bacon Park Area (Sandfly) Blueberry Hill (Magnolia Park) Brookview (Parkview) Chippewa Colonial Village (Leeds Gate) Fairway Oaks Forest Ridge (Wilshire Estates) Highland Park Mayfair Oakdale Oakhurst Oglethorpe (Grove Park) Paradise Park Rivers End (Lyndhurst) Savannah State University

SAVANNAH, GA 31406

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

Neighborhoods in ZIP 31406

Avalon (Oglethorpe Mall Area) · Bacon Park Area (Sandfly) · Blueberry Hill (Magnolia Park) · Brookview (Parkview) · Chippewa · Colonial Village (Leeds Gate) · Fairway Oaks · Forest Ridge (Wilshire Estates) · Highland Park · Mayfair · Oakdale · Oakhurst · Oglethorpe (Grove Park) · Paradise Park · Rivers End (Lyndhurst) · Savannah State University

Market Analysis

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

The SAVANNAH, GA real estate market (31406) currently shows 130 active listings, with 30 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 44 days last year.

The median listing price has fallen 18.2% year-over-year, from $412,450 to $337,450.

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: 34,090  ·  Density: 502.4/mi²  ·  Median household income: $62,698

Typical home value: $239,726  ·  Homeownership: 60.2%

Market Overview

Active Listings
130
⇧ 12.1% vs 116 last year
Pending
30
23% pending ratio
Median Price
$337,450
⇩ 18.2% vs $412,450 last year
Average Price
$478,239
⇩ 3.4% vs $495,173 last year
Days on Market
56
⇧ 27.3% vs 44 days last year

Price Per Square Foot

Median $/sqft
$220
⇩ 9.1% vs $242/sqft last year
Median Home Size
1,596 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 130 this year vs 116 last year
  • Days on market: 56 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $337,450 (-18.2% YoY)
  • Average: $478,239 (-3.4% 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 26.2 miles — 2,247 listings ($1,841,504,429 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
31406Savannah, GA 314060.0 mi112$52,192,000$334,974$466,000
31404Savannah, GA 314045.4 mi176$67,392,864$325,000$382,914
31401Savannah, GA 314016.3 mi246$299,672,280$712,475$1,218,180
31415Savannah, GA 314157.5 mi68$15,204,188$221,150$223,591
31419Savannah, GA 314199.0 mi276$112,388,028$335,000$407,203
31328Tybee Island, GA 3132811.7 mi118$121,469,318$776,250$1,029,401
31324Richmond Hill, GA 3132413.7 mi310$207,930,640$464,182$670,744
29915Daufuskie Island, SC 2991515.8 mi40$36,380,040$728,725$909,501
29927Hardeeville, SC 2992718.5 mi168$89,638,416$495,975$533,562
29910Bluffton, SC 2991020.5 mi485$602,593,100$689,500$1,242,460
31309Fleming, GA 3130922.0 mi1$0$0$0
31307Eden, GA 3130723.0 mi5$2,679,165$345,000$535,833
29926Hilton Head Island, SC 2992626.2 mi242$233,964,390$701,125$966,795

Frequently Asked Questions

How many homes are for sale in SAVANNAH, GA 31406?

As of March 2026, there are 130 active listings in SAVANNAH, GA (zip code 31406), compared to 116 the prior year.

What is the median home price in SAVANNAH, GA 31406?

The median listing price in SAVANNAH, GA 31406 is $337,450 as of March 2026, a 18.2% decrease from $412,450 the prior year.

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

Homes in SAVANNAH, GA 31406 spend an average of 56 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in SAVANNAH, GA 31406?

Based on current inventory and days-on-market data as of March 2026, SAVANNAH, GA 31406 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 44 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 31406 save an estimated $6,749 compared to a typical 5% commission on the median listing price of $337,450. 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.