In September 2026, the median Savannah townhouse or condo sold for $375,000. The median single-family home sold for the same $375,000. That comes from the Georgia Association of REALTORS September 2026 Local Market Update for Savannah, which is current as of October 16, 2026. The rest of that report shows condo buyers with far more room to negotiate than house buyers at the same price.
A condo seller in Savannah right now may point to one figure from that report. The townhouse/condo median was up 32.4% from $283,200 in September 2025. That sounds like a market where prices are climbing and buyers need to move fast. The other lines on the same page point the opposite way. Condo buyers in Savannah are negotiating in the slowest part of the local market, and the September median doesn't reflect that.
A median built on 27 closings
The townhouse/condo median for September 2026 comes from 27 closed sales, down from 38 in September 2025. A median is just the middle sale. With 27 sales, it's the 14th. If a few more riverfront townhomes close one month and a few fewer older units do, the middle sale moves a lot, even when no individual unit is worth more than it was.
GAR says as much on the report. A footnote notes that its percent changes "can sometimes look extreme due to small sample size."
The year-to-date column shows the steadier trend. It covers every townhouse and condo sale through September, a much larger set than one month.
| Savannah townhouse/condo | September 2025 | September 2026 | Through Sept. 2025 | Through Sept. 2026 |
|---|---|---|---|---|
| Closed sales | 38 | 27 | 420 | 343 |
| Median sale price | $283,200 | $375,000 | $295,000 | $290,000 |
| Average sale price | $447,538 | $534,565 | $479,296 | $439,464 |
| Percent of list price received | 96.9% | 97.3% | 97.4% | 96.2% |
| Days on market until sale | 87 | 130 | 77 | 101 |
Over nine months and 343 sales, the median condo price fell 1.7% and the average fell 8.3%. Sellers received 96.2% of list price on average, compared with 97.4% over the same stretch of 2025. The September jump happened in a year when condo prices drifted down and the discount from list price grew.
The county-level report shows the same thing. The Chatham County September 2026 update has the townhouse/condo median up 21.4% to $361,000 on 48 closed sales, down from 63 a year earlier, while months' supply climbed to 9.1.
Where leverage shows up instead
If the median isn't a reliable read, a buyer should look at the numbers that measure how long sellers wait and how many other options a buyer has. For Savannah condos in September 2026, those numbers look like this:
- Inventory: 361 townhouses and condos for sale, up 41.6% from 255 a year earlier.
- New listings: 78 in September, up 62.5% from 48.
- Pending sales: 32, compared with 33 a year earlier, so contracts held flat while listings surged.
- Days on market until sale: 130, up from 87.
- Months' supply: 9.7, up from 5.8.
Months' supply estimates how long the current listings would take to sell at the current pace if nothing new came on the market. At 9.7 months, a Savannah condo seller is competing with more than three quarters of a year's worth of other listings. The 130-day figure counts only units that actually sold. Units that are still listed or were withdrawn aren't in that average.
The pending number matters most for September. Listings jumped by 30 units from a year earlier, while signed contracts slipped by one. Supply arrived, and buyers didn't absorb it.
Same median, different market for houses
Single-family homes in Savannah are also slowing, but much less. In September 2026, single-family inventory was 1,400 homes, up 22.6% from 1,142. Days on market rose from 61 to 79, and months' supply reached 5.5, up from 4.2. The single-family median slipped 1.3% to $375,000. The year-to-date median was $360,000, down 5.2% from $379,900.
So a buyer choosing between a $375,000 townhouse and a $375,000 house is choosing between these:
| September 2026, Savannah | Single-family | Townhouse/condo |
|---|---|---|
| Median sale price | $375,000 | $375,000 |
| Months' supply | 5.5 | 9.7 |
| Days on market until sale | 79 | 130 |
| Inventory change from Sept. 2025 | +22.6% | +41.6% |
| Year-to-date percent of list price received | 97.3% | 96.2% |
The two property types share a median and almost nothing else. The condo buyer is shopping where sellers wait longer and accept larger discounts. That gap matters most in the first offer and in how long a buyer can wait before raising it.
The list-price ratio leaves out concessions
The figure that looks most reassuring to sellers is percent of list price received. It's 97.3% for Savannah condos in September and 97.6% for single-family homes. At those levels, it seems like buyers aren't getting much below asking.
The footnote on GAR's report adds a qualification. Its sale price figures do "not account for sale concessions and/or downpayment assistance." If a seller holds the price and covers part of the buyer's closing costs or pays for repairs, the sale still counts as close to full price, even though the seller netted less. In a segment with nearly 10 months of supply, the actual negotiation can happen in these terms rather than in the price, and the published ratio doesn't capture it.
What's in the condo and townhome pipeline
Savannah's townhouse and condo category covers a very wide price range. On the east side of downtown, the Upper East River development near Eastern Wharf has offered brownstone townhomes and condo residences in the Mayor Building. Its October 2026 listings included a home on Eastern Wharf Avenue at $999,950 and two Mayor Building units at $6 million and $8.5 million. On Hutchinson Island, The Isling at Savannah Harbor is a 198-unit for-sale community of townhomes and single-family homes being built by REV3 Homes. Its developer, Trilogy Investment Company, says construction is "well underway," with sales activity "exceeding expectations."
When million-dollar riverfront townhomes are in the same monthly count as older units, a month with a few more high-end closings can lift the median sharply. A month with a few fewer can pull it down. That's why one month's median is a poor guide to what a particular unit is worth. Recent sales in the same building or a comparable one tell a buyer much more.
Plenty of listings, but a constrained pipeline
High condo inventory this fall doesn't mean Savannah has built enough housing. On September 10, 2026, City Council rejected the latest piece of the city's Housing Toolkit by a 5–4 vote. The zoning amendment would have allowed new multifamily housing types in some community business and office districts, mainly south of DeRenne Avenue along the Abercorn Street corridor, the Savannah Morning News reported. The paper cited a Georgia Institute of Technology housing needs assessment for Coastal Georgia, which found Savannah needs 464 new housing units each year by 2030 to meet projected demand.
Several council members who voted no said they wanted more time to consider the proposal. Mayor Van Johnson told the paper the item could come back through reconsideration or if he put it back on the agenda. For condo buyers, this places the current surplus in context. It comes from slow sales of existing units and new projects, not from the city meeting its long-term housing need. The leverage condo buyers have this fall depends on the current pace of sales, which can change.
Rules to check before buying a rental
Buyers who plan to rent out a townhome face one more variable. On September 25, 2026, the Chatham County Board of Commissioners unanimously approved changes to the county's short-term vacation rental ordinance. The changes let homeowners associations enforce their neighborhood rules with the backing of county code enforcement, WTOC reported. Commission Chairman Chester Ellis called the measure "a work in progress" and said further adjustments are expected. A townhome community's own rules now carry more weight in unincorporated Chatham. This post is general information, not legal, tax or financial advice, so confirm how any HOA rule or rental ordinance applies to a specific property with the appropriate professional.
FAQ
Did Savannah condo prices really rise 32% in September 2026? The September median did rise 32.4% to $375,000, but it came from 27 closed sales. The year-to-date median through September was $290,000, down 1.7% from the same period in 2025.
Is the Savannah single-family market also favoring buyers? Less so. Single-family months' supply was 5.5 in September 2026, compared with 9.7 for townhouses and condos, and homes sold in 79 days on average compared with 130.
When will October 2026 figures be available? GAR's September update was current as of October 16, 2026, about two weeks after the month ended. A similar timeline would put October figures out around mid-November.
I own a condo in Savannah. Should I price it off the September median? A unit's value comes from recent sales of comparable units, not from a citywide median based on 27 transactions. A home valuation based on those comparable sales is a better starting point.
If you're weighing a Savannah townhouse against a single-family home, or you own a condo and want to know what it would actually net in a market with nearly 10 months of supply, Devin Pickett can go through recent sales in your building or neighborhood with you, along with the terms sellers are accepting. You can also browse the Savannah neighborhood page or book a consultation to get started.
