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Savannah Area Chamber of Commerce
2022 Economic Trends
19
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, 2-4 units, and condominiums in Chatham
County increased 17% in 2021 to a total of 7,925 sales as compared to 6,769 in 2020. The median sale price of a
qualified home transaction in Chatham County was $250,000, an increase of 8.7% as compared to the 2020 median
of $230,000. Market share of sales at greater than $200,000 increased to 67% in 2021 from 58% in 2020.
Source: Chatham County Board of Assessors. Includes qualified residential sales. 2021 projected based on data through 11/18/21. Retrieved 12/28/2021.
Savannah continues to be in a favorable position with respect to home prices among comparable major metropolitan
cities and port cities. Savannah's $252,000 median list price for a single family home is well below that of the national
median list price of $362,000, and Savannah has a very affordable housing market compared to southeastern and
port cities.
Single Family Home Price Comparison, 2021
Southeastern Cities Port Cities
Atlanta, GA $495,000 San Francisco, CA $1,760,000
Raleigh, NC $444,000 Seattle, WA $1,020,000
Nashville, TN $442,000 Boston, MA $770,000
Charlotte, NC $402,000 Charleston, SC $520,000
Orlando, FL $357,000 Tampa, FL $432,000
Gainesville, FL $282,000 Virginia Beach, VA $390,000
Savannah, GA $252,000 Chicago, IL $329,000
Louisville, KY $239,000 New Orleans, LA $316,000
Columbia, SC $206,000 Jacksonville, FL $277,000
Montgomery, AL $132,000 Savannah, GA $252,000
Source: Zillow.com average price for middle price tier single family homes. Retrieved 12/21:
October 2021 data.
