$48 Closing Credit*
$4,000
1,232 SqFt
2 Beds
•1 Full Bath
Sandra Ann Stevens, Listing Office: EXP Realty, LLC
Is Georgetown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Georgetown was a Buyer'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
$379,900
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.7%)
Key Takeaway
Homes in Georgetown have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Georgetown was $379,900 in October 2024, up 2.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $238.7K | $280K | +17.3% |
| 3 Bedrooms | $369.9K | $383.4K | +3.7% |
| 4 Bedrooms | $447.5K | $441.2K | -1.4% |
| 5+ Bedrooms | $507.5K | $545K | +7.4% |
Summary: Georgetown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in Georgetown, DE
How many homes are available in Georgetown, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 104 | +2.0% |
Summary: The Georgetown real estate market had 104 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 61 | 62 | +1.6% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Georgetown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Georgetown in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 40% were sold under asking, 45% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 94 Days | +18.5% |
Summary: Homes in Georgetown had an average of 94 days on market in Oct 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 20 homes were sold in Georgetown; 40% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
