$10,000 Closing Credit*
$1,199,000
3,092 SqFt
6 Beds
•4 Full Baths, 1 Partial
Martha Arevalo, Listing Office: One Sotheby's Int'l Realty
Is Savanna, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Savanna was a Seller's Market.
Key Takeaway
Savanna is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Savanna, FL
How much do homes in Savanna, FL cost?
Median Sold Price
$790,000
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+4.6%)
Key Takeaway
Homes in Savanna have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Savanna was $790,000 in November 2024, up 4.6% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $530K | $505K | -4.7% |
| 3 Bedrooms | $627.5K | $680K | +8.4% |
| 4 Bedrooms | $755K | $810K | +7.3% |
| 5+ Bedrooms | $1.0M | $1.2M | +14.8% |
Summary: Savanna housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Weston Hills | $1.2M | $1.4M | +8.3% |
| Savanna | $755K | $790K | +4.6% |
Housing Supply in Savanna, FL
How many homes are available in Savanna, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The Savanna real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Savanna housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Savanna, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Savanna in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 46 Days | +174.5% |
Summary: Homes in Savanna had an average of 46 days on market in Nov 2024, up by 174.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Savanna are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Savanna; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.