Is Savannah, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Savannah has remained a Buyer's Market.
Housing Prices in Savannah, TN
How much do homes in Savannah, TN cost?
Median Sold Price
$232,000
-
Based on all homes sold in May 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | - | N/A |
2 Bedrooms | $315K | $104.5K | -66.8% |
3 Bedrooms | $221.5K | $232K | +4.7% |
4 Bedrooms | $290K | $621.5K | +114.3% |
5+ Bedrooms | - | - | N/A |
Summary: Savannah housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 66.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes did not change.
Housing Supply in Savannah, TN
How many homes are available in Savannah, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 136 | +12.4% |
Summary: The Savannah real estate market had 136 homes for sale in May 2024, a 12.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 65 | 71 | +9.2% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Savannah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Savannah in May 2024, up by 50.0% month-over-month. Of the 18 sold homes, 89% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Savannah, TN
We’re sorry, we don't have information for this market at the moment