2023 Annual Market Report | Savannah

2023 ANNUAL

MARKET REPO RT SAVANNAH AREA

Featured Properties COVER HOME

106 W Harris, Historic District | Sold for $3,225,000

22 W Harris, Historic District | Sold for $3,100,000

23 Island Drive, Isle of Hope | Sold for $2,959,616

The Overview 2023 vs 2022

The Savannah Area NUMBER OF SALES

3153 15.6%

^

AVERAGE DAYS ON MARKET

63

^

19.0%

AVERAGE SOLD PRICE PER SQFT

$297.36

^

9.3%

AVERAGE SALES PRICE

$678,459.17

^

8.3%

LIST TO SALES PRICE RATIO

96.93% 1.3%

^

2023 Annual Market Report Section 1: Savannah Area

HISTORIC DISTRICT Residential Sales | Greater Savannah Area NUMBER OF SALES

192

179

7.3%

2023

2022

AVERAGE DAYS ON MARKET

63

58

8.6%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$449.34

6.2% $423.25 2022

2023

AVERAGE SALES PRICE

$902,485 2023

$916,095

1.5%

2022

LIST TO SALES PRICE RATIO

97.11% 2023

0.10%

97.21% 2022

STARLAND Residential Sales | Greater Savannah Area NUMBER OF SALES

53

28.4%

2023

74

2022

AVERAGE DAYS ON MARKET

60

7.1%

2023

56

2022

AVERAGE SOLD PRICE PER SQFT

$315.50

15.6% $272.87 2022

2023

AVERAGE SALES PRICE

$528,438 2023

14.8% $460,414 2022

LIST TO SALES PRICE RATIO

95.70% 2023

4.28% 99.98% 2022

ARDSLEY PARK

Residential Sales | Greater Savannah Area NUMBER OF SALES

53

63

15.9%

2023

2022

AVERAGE DAYS ON MARKET

56

39

43.6%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$297.56

$272.19

9.3%

2023

2022

AVERAGE SALES PRICE

$797,207 2023

17.5%

$678,191 2022

LIST TO SALES PRICE RATIO

96.20% 2023

3.62%

99.81% 2022

MIDTOWN Residential Sales | Greater Savannah Area NUMBER OF SALES

63

116

45.7%

2023

2022

AVERAGE DAYS ON MARKET

41

37

10.8%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$282.48

12.7% $250.55 2022

2023

AVERAGE SALES PRICE

$513,593 2023

10.9%

$463,178 2022

LIST LISTTO TO SALES SALES PRICE PRICE RATIO RATIO

99.39% 2023

2.42%

101.82% 2022

THE LANDINGS/MODENA/SOUTH HARBOR Residential Sales | Greater Savannah Area

NUMBER OF SALES

250

286

12.6%

2023

2022

AVERAGE DAYS ON MARKET

36

47

23.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$287.60

11.7% $257.39 2022

2023

AVERAGE SALES PRICE

$927,952 2023

9.5%

$847,671 2022

LIST TO SALES PRICE RATIO

98.08% 2023

0.51% 98.58% 2022

ISLE OF HOPE/DUTCH ISLAND Residential Sales | Greater Savannah Area NUMBER OF SALES

47

49

4.1%

2023

2022

AVERAGE DAYS ON MARKET

48

69

30.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$300.00

21.0% $247.88 2022

2023

AVERAGE SALES PRICE

$890,485 2023

43.2%

$621,874 2022

LIST TO SALES PRICE RATIO

98.40% 2023

1.26%

97.14% 2022

TYBEE ISLAND Residential Sales | Greater Savannah Area NUMBER OF SALES

150

180

16.7%

2023

2022

AVERAGE DAYS ON MARKET

66

62

6.5%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$511.62

$481.94

6.2%

2023

2022

AVERAGE SALES PRICE

$719,589 2023

6.2%

$766,881 2022

LIST TO SALES PRICE RATIO

95.00% 2023

1.20%

96.20% 2022

WILMINGTON/WHITEMARSH ISLAND Residential Sales | Greater Savannah Area NUMBER OF SALES

378

439

13.9%

2023

2022

AVERAGE DAYS ON MARKET

42

33

27.3%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$247.80

10.8%

2023

$223.64 2022

AVERAGE SALES PRICE

$476,723 2023

9.9%

$433,824 2022

LIST TO SALES PRICE RATIO

98.67% 2023

2.04%

100.71% 2022

SOUTHBRIDGE Residential Sales | Greater Savannah Area NUMBER OF SALES

69

109

36.7%

2023

2022

AVERAGE DAYS ON MARKET

62

35

77.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$194.21

$179.62

8.1%

2023

2022

AVERAGE SALES PRICE

$577,816 2023

6.0% $544,858 2022

LIST TO SALES PRICE RATIO

97.96% 2023

View Kiawah Island Listings

2.41% 100.36% 2022

POOLER Residential Sales | Greater Savannah Area NUMBER OF SALES

882

800

10.3%

2023

2022

AVERAGE DAYS ON MARKET

53

32

65.6%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$188.66

$172.38

9.4%

2023

2022

AVERAGE SALES PRICE

$401,277 2023

6.4%

$377,273 2022

LIST TO SALES PRICE RATIO

98.94% 2023

1.57% 100.52% 2022

RICHMOND HILL Residential Sales | Greater Savannah Area NUMBER OF SALES

977

1395

30.0%

2023

2022

AVERAGE DAYS ON MARKET

61

36

69.4%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$191.73

$177.05

8.3%

2023

2022

AVERAGE SALES PRICE

$455,452 2023

14.0%

$399,506 2022

LIST TO SALES PRICE RATIO

98.77% 2023

1.44% 100.21% 2022

FORD PLANTATION Residential Sales | Greater Savannah Area NUMBER OF SALES

39

46

15.2%

2023

2022

AVERAGE DAYS ON MARKET

164

128

28.1%

2023

2022

AVERAGE SOLD PRICE PER SQFT

$301.87

0.9% $304.59 2022

2023

AVERAGE SALES PRICE

$950,493 2023

5.8% $1,008,933 2022

LIST TO SALES PRICE RATIO

92.81% 2023

1.3%

94.14% 2022

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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.