Market Intelligence · GA / Savannah

Savannah, GA 31408 Housing Market

The typical home value in Savannah's 31408 ZIP is $249,694, up 0.4% over the past year. The median list price stands at $299,975, with homes spending a median 143 days on market as of September 2026.

Updated September 2026Median value$250K

The median home value in Savannah, GA 31408 is $250K as of September 2026, up 0.4% 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 31408 range

$230K to $270K

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

+0.4% over 12 months

Sep 2025$249K

Low $249KHigh $256K

Sep 2026$250K

The numbers

What is the 31408 housing market like?

As of September 2026

Typical home value

$250K

0.4%YoY

Median list price

$300K

0.0%MoM

Days on market

143

11.7%MoM

Homes for sale

13.0%MoM

Price cuts

26.9%

115.2%MoM

New listings

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

The outlook

31408 housing market forecast 2027

-1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 31408 to fall 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 31408 rose 0.4%, per the Zillow Home Value Index.

Will home prices drop in 31408?

Zillow's forecast says they may: it expects typical home values in 31408 to fall 1.2% by September 2027, after a 0.4% rise 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 31408 home prices compare?

31408$249,694
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

There are 20 homes for sale in 31408, with 6 new listings added as of September 2026. The median time to sell remains extended at 143 days. Over one-quarter of listings, specifically 26.9%, have already seen a price reduction. The typical home value gained slightly year-over-year, but the combination of inventory levels, slow-moving inventory, and price cuts suggests sellers should temper expectations about quick or full-price offers.

Monthly payment

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Home price

Down payment20% · $49,939

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 31408?

The typical home value is $249,694 as of September 2026, reflecting a 0.4% increase over the past year.

How long do homes typically stay on market in 31408?

Homes spend a median of 143 days on market in this ZIP.

What share of homes have had price reductions?

As of September 2026, 26.9% of listings in 31408 have experienced a price cut.

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