Market Intelligence · GA / Savannah

Savannah, GA 31401 Housing Market

The typical home value in 31401 is $556,330, down 3.3% over the past year. Homes are listed at a median price of $763,500 and spend a median of 102 days on market.

Updated September 2026Median value$550K

The median home value in Savannah, GA 31401 is $550K as of September 2026, down 3.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 31401 range

$506K to $594K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.7% over 12 months

Sep 2025$571K

Low $550KHigh $571K

Sep 2026$550K

The numbers

What is the 31401 housing market like?

As of September 2026

Typical home value

$550K

3.7%YoY

Median list price

$764K

3.2%MoM

Days on market

102

4.7%MoM

Homes for sale

254

3.7%MoM

Price cuts

19.0%

6.9%MoM

New listings

18.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

31401 housing market forecast 2027

-0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 31401 to fall 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 31401 fell 3.7%, per the Zillow Home Value Index.

Will home prices drop in 31401?

Zillow's forecast says they may: it expects typical home values in 31401 to fall 0.9% by September 2027, after a 3.7% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 31401 home prices compare?

31401$550,165
Savannah$312,069
Georgia$254,643
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Savannah: 9 ZIPs; Georgia: 664 ZIPs; United States: 26,262 ZIPs).

Context

Savannah's 31401 ZIP shows a market in transition. There are 254 homes for sale with 38 new listings in September 2026, suggesting steady inventory flow. The median list price of $763,500 sits well above the typical home value of $556,330, reflecting a mix of property types and conditions across the area. At 102 days on market, homes take time to sell. For a homeowner weighing a sale, the declining year-over-year value means pricing strategy matters more than ever.

Monthly payment

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Down payment20% · $110,033

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Common questions

What people ask us.

What is the typical home value in 31401?

The typical home value is $556,330, which has declined 3.3% over the past year as of August 2026.

How long do homes typically stay on the market in 31401?

Homes in this ZIP spend a median of 102 days on market before sale.

How many homes are currently for sale in 31401?

There are 254 homes for sale as of September 2026, with 38 new listings during that month.

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Nearby ZIP markets.

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