$6,649 Closing Credit*
$559,900
2,366 SqFt
4 Beds
•2 Full Baths
Barbara K Heilman, Listing Office: Delaware Homes Inc
Is Georgetown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Georgetown has remained a Seller's Market.
Key Takeaway
Georgetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Georgetown, DE
How much do homes in Georgetown, DE cost?
Median Sold Price
$386,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,550(+1.7%)
Key Takeaway
Homes in Georgetown have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Georgetown was $386,000 in November 2024, up 1.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $235K | $280K | +19.1% |
| 3 Bedrooms | $375K | $387.5K | +3.3% |
| 4 Bedrooms | $450K | $450.4K | 0.1% |
| 5+ Bedrooms | $500K | $619K | +23.8% |
Summary: Georgetown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 23.8%.
Housing Supply in Georgetown, DE
How many homes are available in Georgetown, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 92 | -10.7% |
Summary: The Georgetown real estate market had 92 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 63 | 53 | -15.9% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Georgetown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Georgetown in November 2024, down by 22.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 47% were sold at asking, and 6% were sold over asking.
Days on Market for Georgetown, DE
How long does it take to sell a home in Georgetown, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 89 Days | +226.1% |
Summary: Homes in Georgetown had an average of 89 days on market in Nov 2024, up by 226.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Georgetown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Georgetown; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
