Savannah Home Values

A modest rebound in closings — 20 transactions in the trailing quarter, up from 18 a month prior — gives Savannah, TX's price signals a bit more weight, though the sample remains directional. Price per square foot held near $155, based on MLS data for 2026-07 closings in Savannah, still well under Denton County's roughly $203 benchmark. The median sale landed near $344K. Sellers recovered about 97 cents on the dollar, a touch softer than last month, while six in ten sales closed under asking and needed concessions averaging roughly $9,450. Time to close stretched to nearly two months, continuing a gradual lengthening trend.

Pending contracts pulled back to eight from ten a month earlier even as active listings climbed to 64, pushing the months-of-supply reading to roughly nine and a half — still well above Denton County's under six. New listings also eased, with roughly 44 in the trailing quarter against 48 previously, a rare stretch where both sides of the pipeline contracted together rather than diverging. The pending-to-active ratio tracks close to the county's pace, though Savannah's inventory buildup relative to that turnover remains far deeper than the broader county trend, a gap that hasn't narrowed this quarter.

While Denton County's broader market posted a median closing near $200 per square foot this quarter, Savannah, TX came in roughly 25 percent below that benchmark — around $150 per square foot — based on MLS data for 2026-06 closings in Savannah. The limited sample of 18 transactions suggests directional rather than definitive readings, but the gap is substantial: the county-wide median sale exceeded Savannah's by nearly $100K. Sellers here recovered close to 98 cents on the dollar at closing, a fraction better than the county average, yet more than half of completed sales closed below asking and nearly six in ten included concessions averaging just under $9,000 — a pattern consistent with the trailing year-over-year price decline of roughly five percent.

The supply picture in Savannah continues to run well above the county pace: nine months of supply against Denton County's roughly six suggests the local market carries meaningfully more inventory relative to demand. With only ten pending contracts against 54 active listings, the absorption rate trails the county's ratio of pendings to actives by a wide margin. New listing activity held steady at 48 in the trailing quarter while pending volume showed no acceleration — a pipeline configuration that directionally points toward sustained buyer-favorable conditions diverging from the tighter supply environment across most of Denton County.

Price per square foot in Savannah, TX registered roughly $148 in the most recent quarter — about eight percent below the trailing annual average of $161 — a signal that the market is landing lower than its own recent baseline. Based on MLS data for 2026-05 closings in Savannah, the median sale came in near $358K, while sellers gave back roughly two cents on the dollar at closing on average. More than half of completed transactions closed under asking, and nearly six in ten sellers offered concessions averaging close to $9,500. The limited sample of 16 closings suggests these figures are directional; the annual trend, which shows a roughly four percent year-over-year price decline, reinforces the softening signal.

The pipeline in Savannah points toward continued buyer-favorable conditions. With nine months of supply on the market and only ten pending contracts against 48 active listings, absorption has slowed noticeably. New listing activity in the trailing quarter outpaced pending contracts by a wide margin, widening the supply gap. Directionally, the data suggests that demand has not kept pace with available inventory, and the imbalance between actives and pendings indicates limited near-term pressure on the supply side.