2024 QUARTER ONE MARKET REPORT SAVANNAH AREA
Featured Properties 31 Tidewater Way, The Landings | Offered at $1,999,000 421 E Congress Street, Historic Landmark District | Offered at $2,000,000 207 E Gwinnett Street, Victorian District | Offered at $2,300,000 COVER HOME
63 AVERAGE DAYS ON MARKET 16.6% The Savannah Area 2024 vs 2023 651 NUMBER OF SALES 2.2% ^ ^ The Overview $306.95 AVERAGE SOLD PRICE PER SQFT 5.4% $669,452 AVERAGE SALES PRICE 2.6% 95.2% LIST TO SALES PRICE RATIO 0.53% ^ ^ ^
Q1 2024 Market Report
Section 1: Savannah Area
Historic District
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 23 2024 29 2023 60 2024 79 2023 $ 537.09 2024 $ 475.69 2023 $ 891,146 2024 $ 1,053,260 2023 96.61% 2024 95.61% 2023 20.7% 24.1% 12.9% 15.4% 1.00%
Residential Sales | Greater Savannah Area
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 16 2024 16 2023 68 2024 66 2023 $ 283.75 2024 301.62 2023 $ 503,848 2024 $ 532,594 2023 95.92% 2024 96.27% 2023 3.0% 5.9% 5.4% 0.35%
Starland Residential Sales | Greater Savannah Area
Ardsley Park
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 9 2024 13 2023 77 2024 70 2023 $ 284.14 2024 $ 290.52 2023 $ 985,500 2024 $ 654,612 2023 97.05% 2024 97.51% 2023 30.8% 10.0% 2.2% 50.5% 0.47%
Residential Sales | Greater Savannah Area
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 23 2024 12 2023 58 2024 87 2023 $ 293.92 2024 $ 245.67 2023 $ 446,365 2024 $ 466,583 2023 100.39% 2024 96.26% 2023 91.7% 33.3% 19.6% 4.3% 4.13%
Midtown Residential Sales | Greater Savannah Area
The Landings/Modena/South Harbor
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 52 2024 51 2023 52 2024 48 2023 $ 291.95 2024 $ 259.40 2023 $ 906,075 2024 $ 858,963 2023 95.88% 2024 97.06% 2023 2.0% 8.3% 12.5% 5.5%
Residential Sales | Greater Savannah Area
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 12 2024 8 2023 71 2024 71 2023 $ 269.56 2024 $ 329.71 2023 $ 650,792 2024 $ 1,008,800 2023 97.58% 2024 99.59% 2023 50% 18.2% 35.5% 2.01% 1.17%
Isle of Hope/Dutch Island Residential Sales | Greater Savannah Area
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 24 2024 33 2023 95 2024 81 2023 $ 480.18 2024 $ 515.65 2023 $ 719,079 2024 $ 655,527 2023 94.17% 2024 94.59% 2023 27.3% 17.3% 6.9% 9.7% 0.43%
Tybee Island Residential Sales | Greater Savannah Area
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 66 2024 86 2023 64 2024 50 2023 $ 268.73 2024 $ 230.82 2023 $ 460,840 2024 $ 424,910 2023 96.85% 2024 97.92% 2023 23.3% 28.0% 16.4% 8.5% 1.08%
Wilmington/Whitemarsh Island Residential Sales | Greater Savannah Area
Southbridge
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 15 2024 12 2023 67 2024 85 2023 $ 198.91 2024 $ 181.49 2023 $ 537,867 2024 $ 589,908 2023 98.43% 2024 95.97% 2023 25.0% 21.2% 9.6% 8.8% 2.46%
Residential Sales | Greater Savannah Area
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 204 2024 177 2023 39 2024 56 2023 $ 187.85 2024 $ 183.20 2023 $ 398,164 2024 $ 399,699 2023 99.05% 2024 98.73% 2023 15.3% 30.4% 2.5% 0.4% 0.32%
Pooler Residential Sales | Greater Savannah Area
Richmond Hill
Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 196 2024 185 2023 48 2024 75 2023 $ 208.53 2024 $ 186.25 2023 $ 483,006 2024 $ 459,189 2023 97.15% 2024 96.72% 2023 5.9% 36.0% 12.0% 5.2% 0.43%
Residential Sales | Greater Savannah
LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 11 2024 15 2023 61 2024 143 2023 $ 378.83 2024 $ 295.44 2023 $ 1,050,741 2024 $ 1,141,031 2023 85.19% 2024 88.94% 2023 26.7% 57.3% 28.2% 7.9% 3.75%
Ford
Plantation Residential Sales | Greater Savannah Area
Miles of winding waterways and sandy shores. Legendary golf courses. Historic cities with storied streets abuzz with new experiences. Expansive acreage promising a relaxing respite.
Life along the South Carolina & Georgia coastline has something for everyone.
Let us introduce you to a life well-lived in the Lowcountry
the Lowcountry in Charleston, Savannah Hilton Head Island, Beaufort & Bluffton
Serving
WWW.DANIELRAVENELSIR.COM
Nothing Compares. DANIELRAVENELSIR.COM Statistics are compiled quarterly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. We fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Each Office is Independently Owned and Operated. 300 BULL STREET, SUITE 101, SAVANNAH, GA