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Savannah, GA 31406 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Savannah, GA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 5858PendingPending sales: 66
Savannah, GA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $314k$314kSoldMedian sold price (last 6 months): $335k$335k
What homes actually sell for in Savannah, GA
Distribution of 239 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $250k to $570k
$133k to $241k: 45 sales$133k$241k to $350k: 72 sales72sales$350k to $458k: 32 sales$350k$458k to $566k: 17 sales$566k to $675k: 19 sales$566k$675k to $783k: 16 sales$783k to $892k: 8 sales$783k$892k to $1M: 7 salesMedian $335k

What the numbers say

As of September 14, 2026, Resideline is tracking 58 active listings and 6 pending sales in ZIP code 31406. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $313,800, while the median of the 239 closed sales Resideline tracked over the last six months was $335,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 31406 for 66 days.

Frequently asked questions

What is the median home price in 31406?

The median closed sale price in Savannah, GA 31406 was $335,000 over the last six months, based on 239 closed sales tracked by Resideline. The middle half of those sales ranged from $250,000 to $570,000.

Is 31406 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 58 active listings in 31406, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 31406 currently looks like a balanced market.

Nearby ZIP code market data

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