Savannah Real Estate Market Update – March 2026 (31405)
Savannah continues to attract buyers with its coastal charm, historic beauty, and vibrant neighborhoods. Areas like Forsyth Park and the surrounding communities highlight why so many people choose to call this city home.
As we move through spring, here’s a closer look at what’s happening in the Savannah 31405 real estate market for single-family homes and condos.
📊 What’s Happening in the Market
Inventory is rising
The current supply sits at 8.95 months, up 10% from last month and a significant 279% year-over-year. This means buyers now have more options than we’ve seen in quite some time.
Home prices remain steady
- Median active list price: $455,000
- Median sold price: $407,500
- Prices are up 4% month-over-month, showing continued stability.
Homes are taking slightly longer to sell
The median days on market is now 31 days, a 3% increase from last month. While still relatively quick, it reflects a shift toward a more balanced market.
🧠 Why This Matters
More inventory = more opportunity
With a large increase in available homes, buyers have more choices and may have greater negotiating power.
Timing is key
For those both buying and selling, coordinating timelines is becoming more important as the market shifts.
Pricing strategy matters more than ever
With more competition, pricing your home correctly from the start is essential to attract serious buyers.
📍 What to Do Next
- Evaluate your options carefully
With more homes on the market, it’s important to focus on properties that truly match your goals and timeline. - Price strategically if selling
Position your home competitively around current market trends to stand out. - Be prepared to negotiate
With a 96.82% sold-to-list price ratio, buyers may have more room to negotiate than in recent years.
Savannah’s unique combination of natural beauty, historic charm, and lifestyle appeal continues to drive interest in the market. Whether you're drawn to iconic spots like Forsyth Park or the character of local neighborhoods, the opportunities this spring are worth exploring.
🤝 Let’s Talk About Your Next Move
If you’re thinking about buying or selling in Savannah, I’d be happy to help you navigate the market with confidence.
📧 irena.jameson@lptrealty.com
📲 850-510-3283
Categories
Recent Posts
