Savannah Housing Market Update: Prices Ease, Listings Rise Heading Into Spring
Savannah, GA – March 7, 2026 – Home prices dipped year over year as inventory climbed in January, with early March data showing stronger listing and contract activity.
Savannah’s housing market is entering the spring season with slightly lower prices, more inventory, and signs of renewed buyer activity.
Top takeaways
- Median sale price was about $350K in January, down roughly 2% year over year.
- Homes are taking longer to sell, averaging about 95 days on market.
- For-sale inventory stood at 1,127 homes at the end of January.
- Late February data shows a pickup in new listings and contracts.
Market snapshot
According to Redfin, the median sale price in January 2026 was about $349,900, a 2.1% decline from a year earlier. Sales volume also slowed, with 109 homes sold compared with 144 last year, and the typical home taking about 95 days to sell.
Zillow’s Home Value Index places the typical home value near $321,454, down 3.5% over the past year. As of January 31, there were 1,127 homes listed for sale, with 218 new listings added during the month. The median list price was reported around $368,333, while the median sale price in late 2025 was about $344,000.
Early spring momentum
A local market update covering February 23 through March 1 shows activity increasing as spring approaches. New listings jumped to 248 for the week, while 229 homes went under contract and 169 closed. Average days on market for that period was reported at 86, indicating steady but measured buyer movement.
Together, the data suggests a market that has cooled from peak pricing but is seeing healthier inventory and improving transaction flow compared with late 2025.
What’s for sale now
Current listings range from entry-level homes under $200K to renovated properties above $500K, along with buildable lots and coastal-area residences. Buyers are finding more options across Southside, Midtown, and island communities, reflecting the broader rise in available inventory.
Are you seeing more price adjustments or stronger showing activity in your neighborhood this spring?
Sources
https://www.redfin.com/city/17651/GA/Savannah/housing-market
https://www.zillow.com/home-values/763624/savannah-ga/
https://www.sellingsavannahhomes.com/blog/savannah-real-estate-market-update-february-23-march-1-2026
https://www.zillow.com/savannah-ga/