Savannah & Effingham County Real Estate Market Update – February 2025

As we step into 2025, the Savannah, GA real estate market and Effingham County housing market continue to show strong growth and high demand. Whether you’re a homebuyer, seller, or investor, staying informed on local trends can help you make smart real estate decisions. Here’s what you need to know about the current market conditions in the Coastal Empire.

Current Market Trends in Savannah & Effingham County

1. Home Prices Continue to Rise

The median home price in Savannah, GA has increased by 7.2% year-over-year, reflecting the ongoing demand for housing in the area. In Effingham County, home prices have risen by 5.8%, making it one of the fastest-growing suburban markets near Savannah.

• Savannah Median Home Price: $385,000

• Effingham County Median Home Price: $350,000

Low inventory and high buyer demand continue to push prices up, making it an excellent time for sellers to list their homes.

2. Inventory Remains Low

The number of available homes for sale in Savannah and Effingham County is 20% lower than this time last year. The shortage of homes is leading to multiple-offer situations, making it a seller’s market in both areas. If you're considering selling your home, now is a prime opportunity to maximize your return.

3. Mortgage Rates & Affordability

Mortgage rates remain steady at 6.5% for a 30-year fixed loan, which is slightly lower than the peak rates of 2024. Buyers looking to purchase in Savannah, Pooler, Rincon, Guyton, and Springfield are still facing affordability challenges, but strategic financing options and new loan programs are helping first-time homebuyers enter the market.

4. New Construction is Booming

With low inventory, new construction homes in Savannah and Effingham County are in high demand. Builders are actively developing in communities like South Effingham, Rincon, and Pooler, offering new-construction homes priced between $350,000 and $600,000.

5. Luxury & Investment Real Estate is Thriving

The luxury real estate market in Savannah is experiencing an increase in demand, especially in The Landings, Isle of Hope, Ardsley Park, and Historic Downtown Savannah. Investors are also targeting short-term rental properties near River Street, Tybee Island, and Midtown Savannah, given Savannah’s thriving tourism industry.

What Does This Mean for Buyers & Sellers?

For Buyers:

• Be prepared to act quickly in this competitive market.

• Get pre-approved for a mortgage before starting your home search.

• Consider new construction for more inventory options.

For Sellers:

• With home prices rising and inventory low, now is an excellent time to list your property.

• Well-maintained homes priced competitively are selling within days with multiple offers.

• Work with a local real estate expert to maximize your home’s value.

Thinking of Buying or Selling in Savannah or Effingham County?

If you're looking to buy, sell, or invest in real estate in Savannah, Pooler, Rincon, Guyton, or surrounding areas, now is the time to act! At Dumas-Smith & Associates Realty Group, we specialize in helping buyers and sellers navigate the ever-changing market.

???? Call us today at 912-616-0886 or ???? email us at info@seriousaboutselling.com to discuss your real estate goals!

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