Is Georgetown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Georgetown was a Seller's Market.
Housing Prices in Georgetown, TX
How much do homes in Georgetown, TX cost?
Median Sold Price
$449,690
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Georgetown was $449,690 in May 2024, down 1.2% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $422.5K | $407.5K | -3.6% |
2 Bedrooms | $405K | $386.3K | -4.6% |
3 Bedrooms | $419.5K | $400K | -4.7% |
4 Bedrooms | $501.5K | $509.2K | +1.5% |
5+ Bedrooms | $664.9K | $601.6K | -9.5% |
Summary: Georgetown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
Georgetown | $455K | $449.6K | -1.2% |
Round Rock | $450K | $441.9K | -1.8% |
Round Rock-Georgetown | $483.2K | $460K | -4.8% |
Leander | $499.1K | $469.2K | -6.0% |
Housing Supply in Georgetown, TX
How many homes are available in Georgetown, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,151 | 1,275 | +10.8% |
Summary: The Georgetown real estate market had 1,275 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 187 | 202 | +8.0% |
3 Bedrooms | 405 | 428 | +5.7% |
4 Bedrooms | 448 | 504 | +12.5% |
5+ Bedrooms | 109 | 139 | +27.5% |
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 increased by 8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 27.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
209 | 197 | -5.7% |
Asking Price vs. Sold Price
131 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 197 homes were sold or pending in Georgetown in May 2024, down by 5.7% month-over-month. Of the 197 sold homes, 66% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for Georgetown, TX
How long does it take to sell a home in Georgetown, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 70 Days | -1.6% |
Summary: Homes in Georgetown had an average of 70 days on market in May 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During May 2024, 197 homes were sold in Georgetown; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.