Savannah’s real estate market is experiencing notable shifts, presenting both challenges and opportunities for residents and investors. Understanding these changes is crucial for making informed decisions.
Current Market Trends
As of early 2026, the average home value in Savannah stands at approximately $326,509, reflecting a 3.5% decrease over the past year. Homes typically go pending in around 45 days, indicating a moderately paced market. The median sale price is $331,333, with a median list price of $372,000. Notably, 13.5% of sales have closed above the list price, suggesting competitive scenarios in certain segments. Source
Rental Market Insights
The rental sector remains robust, with the average rent in Savannah at $1,734 per month as of January 2026. This figure is slightly below the national average of $1,895, offering relative affordability. The rental market has seen a 0.7% year-over-year increase, indicating steady demand. Source
New Developments
In response to housing demand, new developments are underway. Notably, Stanley Martin Homes has announced Brunson Station, a master-planned community in Guyton, Georgia. This development will feature 136 townhomes and 204 single-family homes, with prices starting from the low $300,000s for townhomes and mid $300,000s for single-family homes. Phase 1 construction is set to begin soon, with completion expected in the near future. Source
Looking Ahead
While the market has experienced a slight dip in home values, the steady rental demand and upcoming developments suggest a dynamic landscape. Prospective buyers and renters should stay informed about these trends to make strategic decisions in Savannah’s evolving real estate market.