Is Savannah, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Savannah has remained a Buyer's Market.
Housing Prices in Savannah, TN
How much do homes in Savannah, TN cost?
Median Sold Price
$225,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Savannah was $225,000 in April 2024, down 2.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $142.5K | N/A |
2 Bedrooms | $125K | $125.5K | 0.4% |
3 Bedrooms | $195K | $212.5K | +9.0% |
4 Bedrooms | $293.5K | $420K | +43.1% |
5+ Bedrooms | $300K | $370K | +23.3% |
Summary: Savannah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 23.3%.
Housing Supply in Savannah, TN
How many homes are available in Savannah, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 131 | +17.0% |
Summary: The Savannah real estate market had 131 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 63 | 73 | +15.9% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Savannah housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Savannah in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Savannah, TN
We’re sorry, we don't have information for this market at the moment