Savannah Georgia Real Estate Report

6 Month Sales Trends

For the 6 month period ending September 25, 2021, there were 2,855 home sales in the city of Savannah.  The average list price was $347,118 and the average sale price was $343,502.  So, out of over 2,800 sales, sellers achieved 98.9% of their asking price.  Over this period, the average square foot price was $221.94. 

Time on market was 62 days, indicating a brisk market.

updated 9/25/2021

Information deemed reliable, not guaranteed.

July 2021

The Savannah Real Estate Market posted 487 home sales in the month of July and the average time to sell was a brisk 52 days, showing a very healthy market. Stats from the Savannah MLS show that the average home was listed at $357,878 and sold at $355,046. We know we are in a healthy real estate market when home sellers are getting 99% of their asking price.

The most desired area, of course, is the Savannah Historic District.  In July, 26 homes sold at an average of $677,438.  The outliers were the least expensive sale at $200,688 and the most expensive sale of $2,000,000.

Pooler

Last month (July) saw brisk sales in Pooler as the time on market was under six weeks. Amazing!  The average list price during the month was $282,590 and strong demand averaged sellers a higher than asking price at closing as the average sales price was $284,062.  Home owners in Pooler are definitely smiling after the trends in July.

Tybee Island

29 homes were sold on Tybee Island in the month of July 2021.  The average closed price was $616,669 compared to an average list price of $631,726 resulting in sellers garnering 97.6% of their initial asking price.  How long did it take to sell on Tybee in July?  On average, sellers were able to close 63 days after listing their home for sale. This time to sell is slightly slower than Savannah's 52 days to market and sell during the month, but it's still definitely a seller's market as demand is driving sales to close faster than their historical average.

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