Is West Savannah, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Savannah is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, West Savannah was a Seller's Market.

Key Takeaway

West Savannah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Savannah, GA

How much do homes in West Savannah, GA cost?

Median Sold Price

$140,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$24,900(-15.1%)

Key Takeaway

Homes in West Savannah have sold for 15.1% less than they did a year ago.

Summary: The median home sold price in West Savannah was $140,000 in April 2024, down 15.1% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$110K
N/A
2 $82K$95K
+15.9%
3 $415.4K$150K
-63.9%
4 $243K$149.5K
-38.5%
5+ $160K$275K
+71.9%

Summary: West 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 15.9%, 3 bedroom homes decreased by 63.9%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 71.9%.

Housing Supply in West Savannah, GA

How many homes are available in West Savannah, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1112+9.1%

Summary: The West Savannah real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 21
-50.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The West Savannah 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 increased by 14.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Savannah, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in West Savannah in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for West Savannah, GA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in West Savannah, GA

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