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.

Savoy posted strong year-over-year appreciation, but the headline number masks a deeply segmented market. Acreage transactions are pulling the median upward, and with only about 30 closed sales over the past year, a single high-dollar ranch trade can move the needle. Supply approaching nine months suggests buyers have leverage, yet the scarcity of new-construction homes on acreage keeps that segment competitive. In-town cottages sit in a different orbit entirely, trading well below the median and appealing to a price-sensitive buyer pool.

Your pricing strategy in Savoy depends entirely on what you're selling. If you have acreage with fencing, a stock pond, and ag exemption in place, emphasize the land's carrying capacity and utility infrastructure -- that's what drives value here, not the house. For in-town homes, fresh cosmetic updates and competitive pricing against Sherman and Bonham alternatives are essential, since buyers at this price point have options in larger towns nearby.