Market Intelligence · GA / Savannah

Savannah, GA 31404 Housing Market

The typical home value in Savannah's 31404 ZIP code is $244,572, down 5.2% over the past year. The median list price stands at $324,850, with homes spending a median of 76 days on market as of September 2026.

Updated September 2026Median value$245K

The median home value in Savannah, GA 31404 is $245K as of September 2026, down 5.2% 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 31404 range

$225K to $264K

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

-5.2% over 12 months

Sep 2025$258K

Low $245KHigh $258K

Sep 2026$245K

The numbers

What is the 31404 housing market like?

As of September 2026

Typical home value

$245K

5.2%YoY

Median list price

$325K

0.7%MoM

Days on market

10.1%MoM

Homes for sale

163

4.7%MoM

Price cuts

28.6%

9.2%MoM

New listings

38.5%MoM

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

The outlook

31404 housing market forecast 2027

-1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 31404 to fall 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 31404 fell 5.2%, per the Zillow Home Value Index.

Will home prices drop in 31404?

Zillow's forecast says they may: it expects typical home values in 31404 to fall 1.4% by September 2027, after a 5.2% 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 31404 home prices compare?

31404$244,572
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 31404 area is showing signs of a slower market. There are 163 homes for sale with 32 new listings added in September 2026, but 28.6% of listings have already been price-cut. The median days on market of 76 suggests homes are taking longer to sell. Combined with the 5.2% decline in typical home value over the past year, sellers should be realistic about pricing and prepared for a competitive environment.

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Down payment20% · $48,914

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Common questions

What people ask us.

What is the typical home value in 31404?

The typical home value is $244,572 as of September 2026, down 5.2% from the prior year.

How long do homes typically stay on market in 31404?

Homes spend a median of 76 days on market in this area.

How many homes are currently for sale in 31404?

There are 163 homes for sale as of September 2026, with 32 new listings added that month.

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Nearby ZIP markets.

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