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Savannah Area Chamber of Commerce
2024 Economic Trends
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, 2-4 units, and condominiums in Chatham
County decreased 17% in 2023 to a total of 5,574 sales (estimated from data through 11/30/23) sales as compared
to 6,911 in 2022. The median sale price of a qualified home transaction in Chatham County was $320,000, an
increase of 19.1% as compared to the 2022 median of $298,500. Market share of sales at greater than $300,000
increased to 57% in 2023 from 49% in 2022.
Source: Chatham County Board of Assessors. Includes qualified residential sales. 2023 projected based on data through 11/30/23. Retrieved 12/6/2023.
Savannah continues to be in a favorable position with respect to home prices among comparable major
metropolitan cities and port cities. Savannah's $298,699 median list price for a single family home is well below that
of the national median list price of $346,600 and Savannah has a very affordable housing market compared to
southeastern and port cities.
Single Family Home Price Comparison, 2023
Southeastern Cities Port Cities
Raleigh, NC $439,432 San Francisco, CA $1,379,777
Nashville, TN $439,266 Seattle, WA $905,203
Atlanta, GA $418,891 Boston, MA $749,639
Orlando, FL $402,296 Charleston, SC $547,170
Charlotte, NC $394,518 Tampa, FL $409,056
Gainesville, FL $310,730 Virginia Beach, VA $395,759
Savannah, GA $298,699 Jacksonville, FL $301,679
Louisville, KY $236,852 Savannah, GA $298,699
Columbia, SC $226,377 Chicago, IL $291,523
Montgomery, AL $137,487 New Orleans, LA $247,663
Source: Zillow.com average price for middle price tier single family homes. Retrieved 11/23.
