Savoy Home Values

Price per square foot in Savoy settled at roughly $221 based on MLS data for 2026-09 closings in Savoy, pulling back from last month's $255 peak but still landing about 14 percent above Fannin County's broader median near $194. With only eight closings this quarter — among the thinnest counts tracked in the county — that premium carries wide confidence intervals. Sellers gave back nearly two cents more on the dollar than the typical Fannin County seller, and concessions touched roughly four in ten transactions, a somewhat higher share than the county's rate near a third. Homes here also lingered nearly two weeks longer than the county's typical pace before closing.

Just one home in Savoy sat under pending contract this quarter, against roughly three dozen active listings — a thin count in absolute terms, but one that still edges out Fannin County's own pending-to-active share by a hair. Months of supply came in at a bit under thirteen, notably tighter than the county's broader benchmark near twenty. New listings kept arriving at a pace roughly proportional to the county's own churn. The tighter supply reading has produced only a marginal edge in contract activity, not a decisive shift toward sellers.

A modest uptick in closings — six in the latest quarter, roughly half again July's count — gives Savoy's numbers a touch more weight, though the geo remains among the thinnest tracked in Fannin County. Price per square foot climbed to roughly $255 based on MLS data for 2026-08 closings in Savoy, its highest mark in recent months and well above the $209 median across the trailing year. Yet closed transactions still reflect buyers holding room to negotiate: half of the quarter's sales closed under list, concessions touched about a third of transactions, and sellers gave back roughly five cents on the dollar at closing — in line with Fannin County's broader pattern this quarter.

Savoy's supply overhang eased notably this quarter: months of supply fell to roughly nineteen, down sharply from last month's reading above two years of inventory, and now sits almost exactly at Fannin County's own elevated benchmark rather than well beyond it. Active listings held near three dozen while just two homes moved to pending status, keeping the pending-to-active ratio thin. New listings continued arriving at a modest pace. Buyers retain substantial leverage county-wide, and nothing in Savoy's pipeline yet signals that balance shifting toward sellers.

Closings in Savoy slowed sharply this quarter, with just four sales recorded, the thinnest count in Savoy's recent history and well below the roughly seven-per-quarter pace implied by the trailing annual figure. Price per square foot held firm even as volume thinned, settling near $220 based on MLS data for 2026-07 closings in Savoy, up from $200 across the trailing year. Sellers fared better at the table than the annual average suggests: concessions appeared in just one of the four closed sales, and the typical seller gave back only about three cents on the dollar. With so few transactions to draw on, Fannin County's trend, concessions in roughly three of ten closings, is the more dependable read on negotiating leverage.

The pipeline confirms the slowdown: only one home sat under pending contract in Savoy at last count, down from 23 a year ago, even as active inventory held steady near three dozen listings and new listings kept arriving at a typical pace. That imbalance pushed months of supply above 27, roughly half again beyond Fannin County's own elevated figure near 18 months. With so few contracts moving toward closing, near-term velocity in Savoy shows little sign of picking up.