Savannah Real Estate Market Update | March 2-8, 2026

The Savannah real estate market continued to gain momentum in early March, with more homes hitting the market and steady buyer activity as the spring season approaches. Here’s a quick look at what happened in our local market between March 2-8, 2026:

Key Numbers

• New Listings: 287 (up from 248 the week prior)

• Homes Under Contract: 204 (down from 229)

• Closed Sales: 176 (up from 169)

• Average Days on Market: 79 (down from 86)

• Average Sales Price: $427,933 (down slightly from $429,140)

Trends to Watch

• New listings increased again, giving buyers more options as spring inventory begins to build.

• Pending contracts dipped slightly after last week’s surge but remain strong overall.

• Closings continued to climb, showing solid follow-through from late winter contracts.

• Days on market improved, signaling quicker decisions on well-priced homes.

• Average prices held relatively steady, reflecting consistent demand across the market.

Conclusion

The Savannah market is clearly transitioning into the spring season, with rising inventory and active buyers shaping a competitive environment. Both buyers and sellers have strong opportunities right now as the market builds toward its busiest months.

👉 Thinking about making a move this spring? Connect with Harris Home Team or explore homes, pricing insights, and relocation resources at Newto912.com.

FAQ

1. Is the Savannah real estate market currently a buyer's or seller's market?
The Savannah real estate market is currently balanced but leaning competitive as we move into the spring season. With more new listings hitting the market and steady buyer demand, sellers still benefit from strong interest, while buyers have slightly more options than earlier in the year.

2. Are home prices rising in Savannah right now?
Home prices in Savannah remain relatively stable with minor week-to-week fluctuations. The average price for the most recent week was $427,933, which is very close to the previous week’s average, showing consistent demand across multiple price points.

3. Is spring a good time to buy or sell a home in Savannah?
Yes, spring is traditionally one of the most active times for the Savannah housing market. Inventory usually increases, giving buyers more options, while sellers benefit from strong demand and motivated buyers entering the market after winter.

4. What price range are most homes selling for in Savannah?
Most homes in the Savannah real estate market are currently selling in the mid-$300K to low-$400K range, although pricing varies widely depending on neighborhood, property size, and proximity to downtown or the coast. Updated homes in desirable areas often see the most competition.

5. Is Savannah a good place to relocate in 2026?
Savannah continues to attract new residents thanks to its coastal lifestyle, historic charm, and growing job market. Many buyers relocating to Savannah are drawn by the city's relatively affordable housing compared to other coastal markets, along with strong rental demand and year-round lifestyle amenities.