Stay ahead with market trends and local insights that matter.
Home prices are trending up by 6% year-over-year, with a median list price of $599,000 and a median sale price of $550,000. Properties sell at an average of $644,158, typically spending 79 days on the market.
Location
31411, Savannah, GA
Date
05-17-2023
Avg Sale Price
$750,000
The market shows moderate activity with a price ratio of 3%, reflecting steady buyer interest. A total of 12 homes were sold with 5 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.
Location
31411, Savannah, GA
Date
05-17-2023
Price Ratio
99%
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Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.
Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.
With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 10% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.
Average Age is 64 Years
The area's household landscape is diverse, with 92% owner-occupied homes and 8% renter-occupied properties. Family households represent 68% of the population, indicating a strong community focus on family living. The average home value stands at $1,009,956, which suggests ample demand for multi-bedroom properties.
The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 2% Asian, 1% Black, and 0% Native residents, alongside 92% White and 2% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.
The area reflects a well-distributed income pattern with approximately 56% of households earning over $100,000 annually, while 27% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.
The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.
% of People are working in various industries.