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Savannah Area Chamber of Commerce
2025 Economic Trends
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, 2-4 units, and condominiums in Chatham
County increased 0.6% in 2024 to a total of 5,544 sales (estimated from data through 11/30/24) sales as compared to
5,511 in 2023. The median sale price of a qualified home transaction in Chatham County was $340,100, an increase
of 63% as compared to the 2023 median of $320,000. Market share of sales at greater than $300,000 increased to
63% in 2024 from 57% in 2023. Sales greater than $1 million were 329 units, 50% higher than 2023.
Source: Chatham County Board of Assessors. Includes qualified residential sales. 2024 projected based on data through 11/30/24. Retrieved 12/10/2024.
Savannah continues to be in a favorable position with respect to home prices among comparable major metropolitan
cities and port cities. Savannah's Zillow-measured $320,344 median list price for a single family home is well below
that of the comparable national median list price of $358,695 and Savannah has a very affordable housing market
compared to southeastern and port cities.
Single Family Home Price Comparison, 2024
Southeastern Cities Port Cities
Raleigh, NC $445,730 San Francisco, CA $1,396,009
Nashville, TN $440,409 Seattle, WA $928,587
Atlanta, GA $437,783 Boston, MA $793,284
Orlando, FL $406,378 Charleston, SC $548,259
Charlotte, NC $403,257 Tampa, FL $389,746
Gainesville, FL $318,879 Virginia Beach, VA $413,665
Savannah, GA $320,344 Jacksonville, FL $303,590
Louisville, KY $247,759 Savannah, GA $320,344
Columbia, SC $234,469 Chicago, IL $307,114
Montgomery, AL $141,656 New Orleans, LA $231,042
Source: Zillow.com average price for middle price tier single family homes. Retrieved 12/24.
