Explore US City Savannah, GA - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
The present housing market in Savannah is down with high active listings and low sales volume. Home prices have decreased 7.5% in the past month. With 892 active listings, inventory is 67% higher than seasonal norms. Homes are taking about 51 days to sell, which is 16 days longer than this time last year. A significant 31.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.4% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Savannah market with the affordability index at 18.3. Based on current market indicators, home prices in Savannah are projected to decrease by approximately 26.8% over the next month.
Demographics market for - Savannah, GA
Total Population -
146,014
Savannah, GA has a total population of 158,342 residents. White residents make up 35.0% of the population, African American residents comprise 50.0% of the community. This creates a relatively diverse demographic makeup for the area. As a large population center, Savannah, GA offers diverse community resources and amenities.
White Race
38%
African American Race
54%
Crime for City - Savannah, GA
No Data
Real Estate Market Prediction for - Savannah, GA
Market predictions for Savannah, GA show an upward trend in home prices, with values increasing by 33.8%. This represents a significant price movement in the market. The current median home price in Savannah, GA is approximately $333,205.951. Based on current trends, home prices in Savannah, GA are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
City Hotspots Map
Savannah, GA features 9 investment hotspots with varying levels of activity. The average nightly rate of $124 suggests an affordable market for travelers. The average rating of 3.6/5 indicates moderate guest satisfaction. With an average hotspot score of 0.79, these areas show good investment opportunities. The area is well-developed with 171 hotels, indicating established tourism infrastructure.
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Nearby Cities From- Savannah, GA
Bloomingdale, GA
Georgetown, GA
Garden City, GA
Henderson, GA
Pooler, GA
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