Is Georgetown, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Georgetown has remained a Seller's Market.
Housing Prices in Georgetown, SC
How much do homes in Georgetown, SC cost?
Median Sold Price
$359,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Georgetown was $359,000 in May 2024, up 18.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $170K | N/A |
2 Bedrooms | $142K | $228.9K | +61.2% |
3 Bedrooms | $278.9K | $307.5K | +10.3% |
4 Bedrooms | $370K | $426K | +15.1% |
5+ Bedrooms | $1.1M | $1.8M | +61.0% |
Summary: Georgetown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 61%.
Housing Supply in Georgetown, SC
How many homes are available in Georgetown, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
149 | 154 | +3.4% |
Summary: The Georgetown real estate market had 154 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 85 | 86 | +1.2% |
4 Bedrooms | 40 | 44 | +10.0% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Georgetown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Georgetown in May 2024, up by 3.8% month-over-month. Of the 27 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Georgetown, SC
How long does it take to sell a home in Georgetown, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
112 Days | 86 Days | -23.2% |
Summary: Homes in Georgetown had an average of 86 days on market in May 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Georgetown; 11% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.