Is Savanna, FL 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, Savanna has remained a Seller's Market.
Key Takeaway
Savanna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Savanna, FL
How much do homes in Savanna, FL cost?
Median Sold Price
$767,500
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Savanna have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Savanna was $767,500 in April 2024, down 1.6% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $521K | +27.1% |
| 3 Bedrooms | $618K | $645K | +4.4% |
| 4 Bedrooms | $750K | $810K | +8.0% |
| 5+ Bedrooms | $1.0M | $1.0M | -3.4% |
Summary: Savanna 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 27.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Meadows | $822.5K | $882.5K | +7.3% |
| Savanna | $780K | $767.5K | -1.6% |
| Weston Hills | $1.3M | $1.3M | -5.5% |
Housing Supply in Savanna, FL
How many homes are available in Savanna, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Savanna real estate market had 34 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Savanna housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Savanna, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Savanna in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Savanna, FL
How long does it take to sell a home in Savanna, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 19 Days | -63.7% |
Summary: Homes in Savanna had an average of 19 days on market in Apr 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Savanna are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Savanna; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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