Savoy Home Values

Despite Savoy's thin transaction volume — with fewer than ten closings in the most recent quarter, MLS data for 2026-06 closings in Savoy carries wide confidence intervals — the available data reveals a consistent premium over Fannin County benchmarks. Price per square foot in Savoy landed roughly five percent above the county median, and the median sale settled nearly $45,000 higher than the broader Fannin baseline. That premium comes with friction: sellers here surrendered more than eleven cents on the dollar at closing, half of all completed transactions included concessions averaging roughly $7,000, and not a single home closed above list. Fannin County sellers, by contrast, gave back less than six cents on average.

The forward-looking pipeline in Savoy remains one of the weakest in Fannin County on a relative basis. New listing activity ticked up modestly over the trailing three months, adding roughly twenty properties, yet only three contracts entered pending status — a pending-to-active ratio that mirrors the county-wide standstill, where accumulated supply now exceeds sixteen months. Months of supply in Savoy sits about three months below the county figure, a marginal distinction given the low transaction counts, but the gap has not translated into faster absorption. Supply continues to build without a discernible uptick in buyer commitment.

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.