Condos for Sale in Savannah, GA

The Savannah Condo Market Right Now

Condo buyers in Savannah have more leverage in late 2026 than they've had in years. In August 2026, the median condo or townhouse in Chatham County sold for $281,750, exactly the same as a year earlier. But the number for sale rose from 404 to 551, supply climbed to 9.3 months and the typical condo took 92 days to sell, up from 66 (Georgia REALTORS data via Kim McElman). Single-family homes, by comparison, sat at 5.4 months of supply.

In plain terms: there are more condos than buyers right now, and sellers who priced for 2024 are cutting. That makes it a good time to buy, as long as you pick the right building. When the market slows, the gap widens between well-run associations and the ones with thin reserves or deferred repairs.

2 Bedroom and 3 Bedroom Condos in Savannah: What Your Budget Buys

Bedroom count matters less than location in Savannah. A 2-bedroom condo downtown can cost more than a 3-bedroom condo on the Southside. The typical Savannah condo prices below show how wide the range is (Homes.com, Homes.com Historic Savannah, October 2026):

2 Bedroom Condos for Sale in Savannah

The 2-bedroom condo is the most common unit in Savannah, and the most flexible. It works as a first home, a downsizer's place, a second home for weekend trips or a long-term rental for medical residents and SCAD faculty. On the Southside, 2-bedroom, 2-bath condos off Apache Avenue and White Bluff Road often list from the mid-$100s to the low $200s. On Wilmington Island, expect roughly $230,000 to $520,000 depending on the complex and the view. Downtown, a 2-bedroom condo in a restored building usually starts around $400,000, and polished units near Broughton Street or the squares often reach $650,000 to $775,000.

When comparing 2-bedroom condos in Savannah, look closely at the floor plan. Many historic-conversion units are "2 bed, 1 bath" with a second bedroom that's really an office. A split plan with two full baths almost always resells and rents better.

3 Bedroom Condos for Sale in Savannah

Three-bedroom condos are scarcer in Savannah, and that's the main reason to watch for them. Families who want low-maintenance living, buyers relocating for jobs and investors planning long-term rentals all compete for the same short list. Outside downtown, 3-bedroom condos on the Southside and in Georgetown commonly trade in the $200s and $300s. On Wilmington Island, 3-bedroom river and marsh-view units run roughly $300,000 to $770,000. On Tybee Island, 3-bedroom beach condos frequently list from about $600,000 to more than $900,000. Downtown, a true 3-bedroom condo is rare and priced like a luxury home.

If you need three bedrooms and downtown is the dream, it's worth comparing condos with Savannah townhomes too. You'll often get more space and fewer shared walls for similar money.

Where to Find Condos in Savannah and Nearby

What to Check Before You Buy a Condo in Savannah

With a house, you're mostly buying the house. With a condo, you're also buying into the building, the association and every decision the board has made, good or bad. These are the things we look at on every Savannah condo before our buyers commit.

1. Can the Building Be Financed?

This is the big one in 2026. As of August 3, 2026, Fannie Mae and Freddie Mac require a full review of any established condo project with more than 10 units before a conventional loan can close (HGAR). The lender looks at the building's budget, reserves, insurance, delinquent dues, litigation and inspection history. Starting January 4, 2027, associations must also budget at least 15% of dues to reserves, up from 10%.

If the building fails any of these tests, it's "non-warrantable." You can still buy, but usually with a bigger down payment and a higher rate from a portfolio lender. Some smaller buildings of 10 units or fewer, common in Savannah's historic conversions, can skip the full review (Fannie Mae Selling Guide). We help you find out where a building stands before you're under contract, not after.

2. The HOA's Money

Ask for the budget, the most recent financial statements, the reserve study and the last year of board minutes. Low dues aren't a bargain if the reserves are empty and the roof is 25 years old. That usually ends in a special assessment. Board minutes are where you'll find talk of upcoming repairs, insurance problems or lawsuits.

3. Insurance and Flood Coverage

Georgia law requires condo associations to carry property coverage for full replacement cost plus liability, but that master policy usually doesn't include flood (CondoSignal). In coastal Savannah, Tybee and the islands, check the flood zone and whether the association carries separate flood insurance. You'll also need your own HO-6 policy for the interior of your unit, your belongings and any part of the master deductible passed to owners.

4. Rental Rules: Long-Term and Short-Term

Many Savannah condo declarations limit leasing, cap the number of rented units or ban rentals under a set term. For short-term rentals inside the city, Savannah requires condo owners applying for a vacation rental certificate to show that their condominium declaration allows rentals under 30 days or doesn't prohibit them (City of Savannah). Downtown and Victorian District caps apply too. On Tybee, rental eligibility can depend on the complex's zoning. If income matters to you, confirm the rules in writing before you buy, and see how our island property management team handles coastal rentals.

5. Parking, Storage and the Building Itself

Downtown, deeded parking can be worth tens of thousands of dollars, and many units don't have it. In older buildings, ask about the age of the roof, windows, elevator and plumbing, and whether there's a history of water intrusion. A good inspector who knows Savannah's older buildings is worth every penny.

Buying a Savannah Condo as an Investment

Condos are one of the easiest ways into the Savannah rental market. They have a lower purchase price than a house, the exterior is handled by the association and tenant demand from hospitals, SCAD, Georgia Southern, the port and Hunter Army Airfield is steady. The numbers only work when the dues, insurance and rental rules line up, though, and those vary a lot from building to building.

We run the numbers on every investment condo we show: realistic rent, HOA dues, taxes, insurance, vacancy and any leasing restrictions. If it makes sense, our Savannah property management team can lease and manage it after closing. For a broader look at rental strategy, see our Savannah real estate investing page.

Why Buy Your Savannah Condo With Bare Real Estate

Condo deals fall apart for reasons buyers never see coming: a lender that won't approve the building, a special assessment in the minutes or a rental ban buried in the declaration. We look for those problems early, so you spend your time on condos that will actually close. You work directly with a licensed broker who has bought, sold, rented and managed property in Savannah for more than a decade. Learn more about our buyer's agent services, or if you're buying your first place, our first-time home buyer services.

Already own a condo and thinking about selling? Start with a Savannah home valuation, then see how we sell homes in Savannah.

Frequently Asked Questions About Savannah Condos