Market Intelligence · GA / Savannah

Savannah, GA 31406 Housing Market

In Savannah, GA 31406, the typical home value is $315,258, down 3.5% over the past year as of 2026-08-01. The median list price is $374,000, and homes spend a median 66 days on market. That gap points to sellers testing higher prices while values soften.

Updated August 2026Median value$315K

The median home value in Savannah, GA 31406 is $315K as of August 2026, down 3.5% 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

$290K to $340K

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

-3.5% over 12 months

Typical home value in 31406 over the last 12 months: $327K in Aug 2025 to $315K in Aug 2026 (-3.5%).

Aug 2025$327K

Aug 2026$315K

The numbers

What is the 31406 housing market like?

Typical home value

$315K

Down3.5%YoY

Median list price

$374K

Up1.4%MoM

Days on market

66

Up8.2%MoM

Homes for sale

119

Down2.5%MoM

Price cuts

23.5%

Down6.4%MoM

New listings

32

Down15.8%MoM

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

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The comparison

How do 31406 home prices compare?

  • 31406$315,258
  • Savannah$315,258
  • Georgia$257,616
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Savannah: 9 ZIPs; Georgia: 664 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, Savannah, GA 31406 has 119 homes for sale and 32 new listings. The median list price is $374,000, while the typical home value is $315,258, down 3.5% over the past year. A median 66 days on market suggests buyers have time to compare options. With 23.5% of listings showing a price cut, the market reads cooler than list prices imply. For a seller, pricing close to reality matters more than aiming high and waiting.

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