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Market Intelligence · GA / Savannah

Savannah, GA 31401 Housing Market

The typical home in Savannah, GA 31401 is worth $550,165 as of September 2026, down 3.7% over the past year. The median list price sits at $763,500, and homes are spending a median of 102 days on the 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. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with 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

Typical home value in 31401 over the last 12 months: $571K in Sep 2025 to $550K in Sep 2026 (-3.7%).

Sep 2025$571K

Sep 2026$550K

The numbers

What is the 31401 housing market like?

Typical home value

$550K

Down3.7%YoY

Median list price

$764K

Up3.2%MoM

Days on market

102

Down4.7%MoM

Homes for sale

254

Up3.7%MoM

Price cuts

19.0%

Down6.9%MoM

New listings

38

Up18.8%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

Sellers in 31401 face a slower market than the listing numbers alone suggest. There are 254 homes for sale as of September 2026, with only 38 new listings added, and the typical home is taking a median of 102 days to sell. Values have slipped 3.7% over the past year, bringing the typical home value to $550,165. Meanwhile, 19.0% of listings have taken a price cut, a sign that initial asking prices are often running ahead of what buyers will pay. For a seller, the practical takeaway is that pricing accurately from day one matters more than testing the top of the market.

Monthly payment

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20% · $110,033

Common questions

What people ask us.

How much is a home in 31401 worth?

The typical home value in Savannah, GA 31401 is $550,165 as of September 2026, down 3.7% over the past year.

How long does it take to sell a home in 31401?

Homes in 31401 are spending a median of 102 days on the market as of September 2026.

How many homes are for sale in 31401?

There are 254 homes for sale in 31401 as of September 2026, including 38 new listings.

Discover

Nearby ZIP markets.

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Guides for sellers.