Real Estate Market Update for Savannah, GA
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 3% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 150-thousand dollars. The number of units sold increased 43% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Savannah, GA
Area Information for Savannah, GA
  • Population: 138,535
  • Median Age: 31.35 yr
  • Median Commute Time: 17.99 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,343/sq mi
  • Population Change Since 2000: 4.7%
  • Closest Airport: Savannah/hilton Head International
  • Closest College: Armstrong Atlantic State University
  • Closest Jr. College: Savannah Technical College
  • Median Household Income: $34,518
  • Annual Residential Turnover: 16.39%
  • Median Years in Residence: 3.72 yr
  • Median Home Sales Price: $103,820
  • Closest Major Sports Team: Jacksonville Suns
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Savannah, GA
Median Age: 31.35 Married: 22% Number of Households: 54,869 Households with Children: 16,192
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Savannah, GA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Urban Christian Academy 0.6 mi Private PRESCHOOL-12 0 3
      Haven Elementary School 1.6 mi Public PRESCHOOL-5 1 2
      Coastal Empire Montessori Charter School 2.0 mi Public PRESCHOOL-4 1 5
      Hodge Elementary School 2.0 mi Public PRESCHOOL-5 1 5
      Pulaski Elementary School 2.1 mi Public PRESCHOOL-5 0 3
      Derenne Middle School 2.2 mi Public 6-8 0 3
      Gould Elementary School 2.2 mi Public PRESCHOOL-5 1 3
      Beach High School 2.3 mi Public 9-12 2-5 3
      Savannah Gateway To College 2.3 mi Public 9-12 0 0
      Butler Elementary School 2.3 mi Public PRESCHOOL-5 1 2
      Ramah Junior Academy 2.4 mi Private PRESCHOOL-10 0 5
      Matthew Reardon Center Advance Academy 2.6 mi Private UNGRADE-UNGRADE 0 0
      Rambam Day School 2.6 mi Private PRESCHOOL-8 0 0
      Savannah Christian Prep 2.6 mi Private PRESCHOOL-12 0 4
      Memorial Day School 2.8 mi Private PRESCHOOL-12 0 3
      Jacob G. Smith Elementary School 2.8 mi Public PRESCHOOL-5 5 4
      Heard Elementary School 3.0 mi Public PRESCHOOL-5 3 4
      St Paul Academy 3.0 mi Private 3-12 0 2
      Ellis Elementary School 3.1 mi Public PRESCHOOL-8 4 4
      Largo-tibet Elementary School 3.2 mi Public PRESCHOOL-5 2 3
      Notre Dame Academy 3.4 mi Catholic PRESCHOOL-8 0 4
      St Frances Cabrini Catholic School 3.4 mi Catholic PRESCHOOL-8 0 4
      Gadsden Elementary School 3.4 mi Public PRESCHOOL-5 1 3
      Bartlett Middle School 3.4 mi Public 6-8 1 2
      Savannah Arts Academy 3.4 mi Public 9-12 5 5
      Calvary Day School 3.4 mi Private PRESCHOOL-12 0 4
      Chatham Academy 3.4 mi Private 1-12 0 4
      White Bluff Elementary School 3.5 mi Public PRESCHOOL-5 1 3
      Uhs Of Savannah Coastal Harbor Treatment Center 3.5 mi Public 5-11 0 0
      Bartow Elementary School 3.6 mi Public PRESCHOOL-5 1 3
      Benedictine Military School 3.7 mi Catholic 9-12 0 4
      Esther F. Garrison School Of Visual And Performing 3.8 mi Public PRESCHOOL-8 4-5 4
      Blessed Sacrament School 3.8 mi Catholic PRESCHOOL-8 0 5
      Garden City Elementary School 3.9 mi Public PRESCHOOL-5 1 3
      Jenkins High School 4.0 mi Public 9-12 1 3
      Woodville-tompkins Technical And Career High Schoo 4.1 mi Public 9-10 4-5 0
      Woodville-tompkins Technical And Career High Schoo 4.1 mi Public PRESCHOOL-9 0 0
      Low Elementary School 4.1 mi Public PRESCHOOL-5 2 3
      Windsor Forest High School 4.2 mi Public 9-12 2-5 3
      St. James Catholic School 4.2 mi Catholic PRESCHOOL-8 0 5
      Hubert Middle School 4.2 mi Public 6-8 1 3
      St Vincent's Academy 4.3 mi Catholic 9-12 0 4
      Veritas Academy 4.3 mi Private PRESCHOOL-12 0 0
      East Broad Street School 4.4 mi Public PRESCHOOL-8 1 5
      Windsor Forest Elementary School 4.4 mi Public PRESCHOOL-5 2 4
      Savannah Corporate Performance Learning Academy 4.5 mi Public - 0 0
      El Shaddai Academy 4.5 mi Private PRESCHOOL-K 0 0
      Bible Baptist School 4.6 mi Private PRESCHOOL-12 0 4
      Spencer Elementary School 4.6 mi Public PRESCHOOL-5 0 4
      Savannah Country Day School 4.7 mi Private PRESCHOOL-12 0 5
      Myers Middle School 4.7 mi Public 6-8 1 4
      Hesse School 4.9 mi Public PRESCHOOL-8 3 4
      Savannah Christian Middle School 4.9 mi Private 6-8 0 0
      Groves High School 4.9 mi Public 9-12 2 3
      Oglethorpe Charter School 5.0 mi Public 6-8 5 5
      Hancock Day School 5.1 mi Private PRESCHOOL-8 0 5
      Mercer Middle School 5.2 mi Public 6-8 0 3
      Shuman Elementary School 5.2 mi Public PRESCHOOL-5 0 0
      Johnson High School 5.3 mi Public 9-12 1 3
      The School Of Liberal Studies At Savannah High 5.6 mi Public 9-12 1 0
      Thunderbolt Elementary School 5.7 mi Public PRESCHOOL-5 1 3
      Georgetown School 6.1 mi Public K-8 3 4
      Bethesda Home For Boys School 6.2 mi Private 5-12 0 0
      Isle Of Hope School 6.4 mi Public PRESCHOOL-7 2 3
      Southwest Elementary School 7.0 mi Public PRESCHOOL-5 2 3
      Southwest Middle School 7.1 mi Public 6-8 2 2
      Port Wentworth Elementary School 7.3 mi Public PRESCHOOL-5 1 3
      Coastal Middle School 7.9 mi Public 6-8 4 4
      Islands High School 8.2 mi Public 9-12 3-5 5
      Marshpoint Elementary School 8.2 mi Public PRESCHOOL-5 4 4
      Howard Elementary School 9.8 mi Public PRESCHOOL-5 4-5 5
      St. Andrew's School 10.4 mi Private PRESCHOOL-12 0 5
      St Peter The Apostle School 10.8 mi Catholic PRESCHOOL-8 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Savannah, GA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.