The median sale price in the Savannah (GA) housing market for 2026 is recorded at around $331,000. According to Zillow data, as of the end of April 2026, the average home value in Savannah is $335,719, and the median sale price as of March 31 is $331,333, which is about a 3.1% decrease compared to the same period last year. The figures indicate a 7-8% adjustment from the peak in 2025, but this can be interpreted as a normalization process following an overheated market rather than a sharp decline.

Data shows that the Savannah housing market is currently experiencing both an increase in supply and stabilization in demand. The number of new listings has steadily risen entering the spring season of 2026, and inventory has noticeably increased compared to the same period last year. According to Redfin, the average time for homes to go under contract is 37 days, which is slightly longer compared to 2024. With the increase in supply, buyers have more room for negotiation, signaling a shift from a typical seller's market to a more balanced market.

Here's a summary of the current status of the Savannah housing market by price range:

• Median sale price (as of March 2026): $331,333 (Redfin)
• Average home value (as of April 2026): $335,719 (Zillow)
• Median sale price for May 2026: $339,000 (Norada Real Estate)
• Year-over-year price change: -3.1%
• Average time on market: about 37 days
• 30-year fixed mortgage rate (as of June 2026): about 6.8-7.0% (Freddie Mac)

One reason the Savannah market is gaining attention is its relative price competitiveness. Compared to similar cities along the East Coast, such as Charleston (SC) or Nashville (TN), Savannah's median prices remain relatively low. According to Southbridge Greater Savannah Realty, the influx of out-of-state buyers looking to move away from high-cost urban areas is sustaining demand in Savannah. Notably, there is consistent demand from relocators coming from northern Georgia and Florida.

Market trends suggest that in the second half of 2026, Savannah home prices are likely to hover around current levels rather than experience a significant rebound. The increase in inventory limits upward price pressure, while strong relocation demand supports prices. As long as mortgage rates remain in the high 6% range, the monthly principal and interest burden will still be substantial, but if rates drop further, pent-up demand could enter the market all at once, potentially stimulating prices.

In summary, the Savannah housing market in 2026 is in a process of cooling off, and the median price in the low $330,000 range is expected to function as a floor for the time being. For buyers with genuine needs, now is a good time to leverage negotiation power due to ample inventory. However, for investment purposes, it is advisable to closely monitor interest rate trends and local employment patterns before making decisions. (Sources: Redfin, Zillow, Norada Real Estate, Southbridge Greater Savannah Realty, Freddie Mac, 2026 / This article does not constitute investment or legal advice, and it is recommended to consult with professionals before making any actual contracts.)