Market Intelligence · GA / Savannah

Savannah, GA 31406 Housing Market

The typical home value in Savannah's 31406 ZIP is $312,069, down 3.6% over the past year. The median list price sits at $359,000, with homes staying on market for a median of 72 days.

Updated September 2026Median value$312K

The median home value in Savannah, GA 31406 is $312K as of September 2026, down 3.6% 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 31406 range

$287K to $337K

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

-3.6% over 12 months

Sep 2025$324K

Low $312KHigh $324K

Sep 2026$312K

The numbers

What is the 31406 housing market like?

As of September 2026

Typical home value

$312K

3.6%YoY

Median list price

$359K

4.0%MoM

Days on market

9.1%MoM

Homes for sale

120

0.8%MoM

Price cuts

24.2%

2.9%MoM

New listings

25.0%MoM

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

The outlook

31406 housing market forecast 2027

-0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 31406 to fall 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 31406 fell 3.6%, per the Zillow Home Value Index.

Will home prices drop in 31406?

Zillow's forecast says they may: it expects typical home values in 31406 to fall 0.7% by September 2027, after a 3.6% 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 31406 home prices compare?

31406$312,069
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

September 2026 shows 120 homes for sale in 31406, with 40 new listings entering the market. The median days on market of 72 indicates a moderate pace of activity. A notable 24.2% of listings have seen price cuts, a sign that sellers are adjusting expectations as values shift. For homeowners considering a sale, this is a market where pricing strategy and condition matter more than supply alone.

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Down payment20% · $62,414

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Common questions

What people ask us.

What is the typical home value in 31406?

The typical home value is $312,069, down 3.6% over the past year as of September 2026.

How long do homes take to sell in this area?

The median time on market is 72 days, reflecting moderate buyer interest and typical absorption rates for the ZIP.

What share of homes have had price reductions?

As of September 2026, 24.2% of listings in 31406 have received a price cut.

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