$2,374 Closing Credit*
$199,900
3 Beds
•2 Full Baths
Listing Office: Weichert, REALTORS - Crunk Rea
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
Last month, Savannah was a Buyer's Market.
Key Takeaway
Savannah 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 Savannah, TN
How much do homes in Savannah, TN cost?
Median Sold Price
$223,195
$72/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$71,945(+47.6%)
Key Takeaway
Homes in Savannah have sold for 47.6% more than they did a month ago.
Summary: The median home sold price in Savannah was $223,195 in October 2024, up 47.6% from last month, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | - | N/A |
| 3 Bedrooms | $142.5K | $237.5K | +66.7% |
| 4 Bedrooms | - | $215K | N/A |
| 5+ Bedrooms | - | $210.7K | N/A |
Summary: Savannah housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 66.7%, 4 bedroom homes did not change, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 110 | +25.0% |
Summary: The Savannah real estate market had 110 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 48 | 63 | +31.3% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Savannah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 17 | +750.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Savannah, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Savannah in October 2024, up by 750.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.
Days on Market for Savannah, TN
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Savannah are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Savannah; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.