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Savannah Area Chamber of Commerce
2021 Economic Trends
19
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, 2-4 units, and condominiums in Chatham
County decreased 3.9% in 2020 to a total of 5,625 sales as compared to 5,852 in 2019. The median sale price in a
qualified home transaction in Chatham County was $225,000, an increase of 7.7% as compared to the 2019 median
of $209,000. Market share of sales at greater than $200,000 increased to 58% in 2020 from 53% in 2019.
Source: Chatham County Board of Assessors. Includes qualified residential sales. Retrieved 1/7/21.
Savannah continues to be in a favorable position with respect to home prices among comparable major metropolitan
cities and port cities. Savannah's $210,000 median list price for a single family home is well below that of the national
median list price of $260,000, and Savannah has a very affordable housing market compared to southeastern and
port cities.
Single Family Home Price Comparison, 2020
Southeastern Cities Port Cities
Atlanta, GA $403,000 San Francisco, CA $1,640,000
Nashville, TN $344,000 Seattle, WA $890,000
Raleigh, NC $341,000 Boston, MA $725,000
Charlotte, NC $311,000 Charleston, SC $407,000
Orlando, FL $289,000 Virginia Beach, VA $337,000
Gainesville, FL $237,000 Tampa, FL $330,000
Savannah, GA $210,000 Chicago, IL $292,000
Louisville, KY $208,000 New Orleans, LA $279,000
Columbia, SC $168,000 Jacksonville, FL $217,000
Montgomery, AL $113,000 Savannah, GA $210,000
Source: Zillow.com average price for middle price tier single family homes. Retrieved 11/20:
September 2020 data.
