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Savannah Area Chamber of Commerce
2020 Economic Trends
19
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, two-to-four units, and condominiums in
Chatham County decreased 1% in 2019 to a total of 5,610 sales as compared to 5,655 in 2018. The average sale
price in a qualified home transaction in Chatham County was $255,406, an increase of 1% as compared to the 2018
average of $253,197.
Source: Chatham County Board of Assessors & CBAER. Includes qualified residential sales. Retrieved 1/20. 2019 data through November, annualized.
Savannah continues to be in a favorable position with respect to home prices among comparable major metropolitan
cities and port cities. Savannah's $268,000 median list price for a four-bedroom home is well below that of the national
median list price of $375,000, and Savannah has a very affordable housing market compared to other southeastern
and port cities.
Four-Bedroom Home Price Comparison, 2019
Southeastern Cities Port Cities
Raleigh, NC $589,000 San Francisco, CA $2,240,000
Atlanta, GA $565,000 Boston, MA $973,000
Nashville, TN $449,000 Seattle WA $899,000
Charlotte, NC $391,000 Chicago, IL $479,000
Louisville, KY $365,000 Tampa, FL $442,000
Gainesville, FL $350,000 New Orleans, LA $438,000
Orlando, FL $350,000 Charleston, SC $431,000
Montgomery, AL $288,000 Virginia Beach, VA $417,000
Savannah, GA $268,000 Jacksonville, FL $279,000
Columbia, SC $227,000 Savannah, GA $268,000
Source: Zillow.com median list price for four bedroom house. Retrieved 1/20: November 2019 data.
