Is Georgetown County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Georgetown County has remained a Seller's Market.

Key Takeaway

Georgetown County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$84,979(+23.3%)

Key Takeaway

Homes in Georgetown County have sold for 23.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $224.9K$325K
+44.5%
2 $255K$300K
+17.6%
3 $344.9K$410.6K
+19.0%
4 $542.5K$649.9K
+19.8%
5+ $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
+23.3%
Williamsburg County
+7.0%
Horry County
+1.8%
Berkeley County
+1.3%
Marion County
-23.1%

Housing Supply in Georgetown County, SC

How many homes are available in Georgetown County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
483507+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

# BEDSApr 2024May 2024CHANGE
1 1615
-6.3%
2 7477
+4.1%
3 237248
+4.6%
4 115125
+8.7%
5+ 4142
+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 2024May 2024CHANGE
7790+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown County, you may be able to get a good deal. 76.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
99 Days105 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Georgetown County has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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