Savannah Home Values

While Denton County's typical closing this quarter ran near $202 per square foot, Savannah landed noticeably lower, at $165 across 20 closings — based on MLS data for 2026-09 closings in Savannah — a sample that keeps the reading directional but points to a gap of roughly 18 percent that has held for months. The median sale came in near $337K, more than $100K under the county's trailing figure. Sellers recovered nearly 97 cents on the dollar, though half of Savannah's sales closed under asking and six in ten needed concessions averaging around $8,100 — a heavier concession pattern than the county as a whole. Time to close stretched to nearly eight weeks, reversing last month's improvement.

The pipeline gap between Savannah and Denton County widened again this quarter. Months of supply in Savannah climbed to roughly eight, compared with under six across the county as a whole — a divergence that has held through recent quarters rather than narrowing. New listings actually pulled back to 33 from the prior quarter's pace, yet pending contracts stayed flat at just five against 54 active listings, keeping absorption thin relative to the county's broader turnover. Directionally, the data suggests Savannah's inventory overhang relative to demand remains deeper than the county's tighter conditions, even as new supply eases.

Closings in Savannah accelerated for a second straight month, with 25 sales in the trailing quarter lending more weight to the market's price signals. Price per square foot climbed to $163, based on MLS data for 2026-08 closings in Savannah, up from roughly $155 the month prior and back above the trailing annual average near $159. The median sale held close to $342K. Sellers recovered nearly 98 cents on the dollar at closing, an improvement from last month's reading, while roughly half of sales closed under asking — down from six in ten — and just over half required concessions averaging about $8,400. Time to close eased to under seven weeks, reversing the lengthening trend of recent months.

Pending contracts thinned further, falling to five from eight a month earlier, while active listings pulled back to 55 from 64 — a second consecutive quarter of pipeline contraction. New listing activity eased, with roughly 38 homes entering the market against 44 previously, the second straight decline in fresh supply. That combination pulled months of supply down to roughly six and a half, from closer to nine and a half last month, though the reading still sits above Denton County's roughly six. The narrowing gap suggests Savannah's inventory buildup, while still elevated, is easing relative to the broader county pace.

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.