SAVANNAH REAL ESTATE MARKET

Savannah, GA Real Estate Market Outlook: 2nd Half of 2025

As we transition into the latter half of 2025, Savannah’s real estate market is evolving. Previously characterized by climbing home prices and expanding inventory, recent trends indicate a shift towards a more balanced landscape, with varied outcomes across different sectors.

Luxury Market: Steady Attraction Amid Rising Stock

Savannah’s luxury real estate sector thrives, especially in historic and waterfront locales. High-end homes in coveted neighborhoods like The Landings, Ardsley Park, and the Historic District captivate buyers with their unique architecture and prime locations.

However, challenges exist. A significant 43% rise in inventory from last year has led to longer market times and a slight dip in list price percentages. Despite these hurdles, the luxury market remains appealing, especially to those enchanted by historic charm and coastal living.

Mid-to-Lower Price Range: Competitive but Calming

The $250,000 to $450,000 price bracket has been bustling. Suburban areas like Pooler, Richmond Hill, and Georgetown are popular for their affordability and family-friendly amenities.

Yet, this segment is cooling. The average days on market have risen by 28.3% year-over-year, and sales above list price have dropped. First-time buyers and investors should strategize carefully, as well-priced homes still garner interest, though urgency has eased compared to past years.

Market Dynamics and Predictions

• Inventory Surge: Savannah’s housing inventory has grown by 59.7% year-over-year, reaching 1,641 homes for sale by late 2024. This offers buyers more options but also extends selling times.

• Price Appreciation: The median home price in Savannah is about $369,558, a 4.8% increase from last year. While prices continue to climb, the rate is slowing, hinting at market stabilization.

• Economic Influences: Savannah’s economy is bolstered by developments like the Hyundai Metaplant and Port of Savannah expansion, expected to generate jobs and potentially boost housing demand.

Conclusion

In the latter half of 2025, Savannah’s real estate market is trending toward balance, marked by increased inventory and tempered price growth. The luxury segment remains robust, driven by unique offerings and prime locations, while the mid-to-lower range is cooling amid rising inventory. Both buyers and sellers should stay informed and adaptable, using professional guidance to navigate this changing market.