$2,789 Closing Credit*
$234,900
1,588 SqFt
3 Beds
•2 Full Baths
Katie Hughes, Listing Office: Tiffany Jones Realty Group, LLC
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 Neutral Market.
Key Takeaway
Savannah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Savannah, TN
How much do homes in Savannah, TN cost?
Median Sold Price
$289,000
$215/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$69,902(+31.9%)
Key Takeaway
Homes in Savannah have sold for 31.9% more than they did a month ago.
Summary: The median home sold price in Savannah was $289,000 in November 2024, up 31.9% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $100K | N/A |
| 3 Bedrooms | $230.3K | $252.5K | +9.6% |
| 4 Bedrooms | $215K | $415K | +93.0% |
| 5+ Bedrooms | $210.7K | - | N/A |
Summary: Savannah housing prices by bedroom type for November 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 9.6%, 4 bedroom homes increased by 93%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 110 | -3.5% |
Summary: The Savannah real estate market had 110 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 64 | 63 | -1.6% |
| 4 Bedrooms | 30 | 25 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Savannah 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 increased by 13.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Savannah, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Savannah in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Savannah, TN
How long does it take to sell a home in Savannah, TN?
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 November 2024, 14 homes were sold in Savannah; 7% 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.