Is Georgetown County, 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 County has remained a Seller's Market.
Housing Prices in Georgetown County, SC
How much do homes in Georgetown County, SC cost?
Median Sold Price
$449,214
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Georgetown County was $449,214 in May 2024, up 23.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $224.9K | $325K | +44.5% |
2 Bedrooms | $255K | $300K | +17.6% |
3 Bedrooms | $344.9K | $410.6K | +19.0% |
4 Bedrooms | $542.5K | $649.9K | +19.8% |
5+ Bedrooms | $925K | $1.4M | +52.8% |
Summary: Georgetown County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.5%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 52.8%.
Median Sold Price Compared To Nearby Counties
Georgetown County | $364.2K | $449.2K | +23.3% |
Williamsburg County | $179.5K | $192K | +7.0% |
Horry County | $320.2K | $325.9K | +1.8% |
Berkeley County | $363.9K | $368.5K | +1.3% |
Marion County | $162.5K | $125K | -23.1% |
Housing Supply in Georgetown County, SC
How many homes are available in Georgetown County, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
483 | 507 | +5.0% |
Summary: The Georgetown County real estate market had 507 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 15 | -6.3% |
2 Bedrooms | 74 | 77 | +4.1% |
3 Bedrooms | 237 | 248 | +4.6% |
4 Bedrooms | 115 | 125 | +8.7% |
5+ Bedrooms | 41 | 42 | +2.4% |
Summary: The Georgetown County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 90 | +16.9% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Georgetown County in May 2024, up by 16.9% month-over-month. Of the 90 sold homes, 77% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for Georgetown County, SC
How long does it take to sell a home in Georgetown County, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
99 Days | 105 Days | +6.2% |
Summary: Homes in Georgetown County had an average of 105 days on market in May 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During May 2024, 90 homes were sold in Georgetown County; 3% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.