Savoy Home Values

Savoy's inventory splits into three distinct categories that rarely compete with each other. In town, you'll find modest mid-century homes on quarter-acre lots -- two-bedroom cottages from the 1930s alongside vinyl-sided ranches from the 1960s and 70s, most updated with LVP flooring and modern fixtures. On the outskirts, new construction on one-acre parcels delivers four-bedroom, open-concept plans with quartz countertops, high ceilings, and no HOA. The third tier is raw and improved acreage -- 15 to 64 acres of fenced pasture, ag-exempt land with stock ponds, mature timber, and occasional barns, priced for buyers building a rural lifestyle from scratch.

With fewer than ten closings in the latest quarter, price signals in Savoy carry wide confidence intervals — but the directional data is striking. Based on MLS data for 2026-05 closings in Savoy, price per square foot settled near $184, a notable step down from the trailing annual figure. Homes that did close spent roughly 100 days on market before finding a buyer, a pace considerably slower than the full-year median. Sellers gave back more than eleven cents on the dollar at closing, and half of all transactions included concessions — the largest share recorded for this geo. Nearly two-thirds of closed sales came in under list.

The pipeline in Savoy points toward continued deceleration. With only three pending contracts against 32 active listings, the pending-to-active ratio signals that demand is not keeping pace with supply. New listing activity over the past three months added 17 properties while pending volume remained near its floor — a widening gap that mirrors the broader Fannin County pattern, where roughly 18 months of supply has accumulated. DOM direction confirms the slowdown: properties are sitting longer before going under contract, with no pipeline signal suggesting a near-term reversal.