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Savannah Area Chamber of Commerce
2023 Economic Trends
19
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, 2-4 units, and condominiums in Chatham
County decreased 17% in 2022 to a total of 6,539 sales as compared to 7,950 in 2021. The median sale price of a
qualified home transaction in Chatham County was $290,000, an increase of 15.7% as compared to the 2021 median
of $250,600. Market share of sales at greater than $200,000 increased to 76% in 2022 from 67% in 2021.
Source: Chatham County Board of Assessors. Includes qualified residential sales. 2022 projected based on data through 11/23/22. Retrieved 12/28/2022.
Savannah continues to be in a favorable position with respect to home prices among comparable major metropolitan
cities and port cities. Savannah's $303,000 median list price for a single family home is well below that of the national
median list price of $358,000 and Savannah has a very affordable housing market compared to southeastern and
port cities.
Single Family Home Price Comparison, 2022
Southeastern Cities Port Cities
Nashville, TN $452,985 San Francisco, CA $1,374,028
Raleigh, NC $448,553 Seattle, WA $756,606
Orlando, FL $402,064 Boston, MA $647,189
Charlotte, NC $387,806 Charleston, SC $422,923
Atlanta, GA $381,587 Tampa, FL $391,314
Savannah, GA $303,265 Jacksonville, FL $378,914
Gainesville, FL $295,333 Virginia Beach, VA $334,319
Louisville, KY $243,782 Chicago, IL $311,225
Columbia, SC $242,011 Savannah, GA $303,625
Montgomery, AL $187,399 New Orleans, LA $270,020
Source: Zillow.com average price for middle price tier single family homes. Retrieved 12/22:
October 2022 data.
