$3,800 Closing Credit*
$320,000
3 Beds
•2 Full Baths
Listing Office: Lifstyl Real Estate
Is Georgetown, KY 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 Seller's Market.
Key Takeaway
Georgetown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Georgetown, KY
How much do homes in Georgetown, KY cost?
Median Sold Price
$333,484
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,394(+9.3%)
Key Takeaway
Homes in Georgetown have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Georgetown was $333,484 in October 2024, up 9.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $46.7K | -57.1% |
| 2 Bedrooms | $195.5K | $245K | +25.3% |
| 3 Bedrooms | $269.2K | $290K | +7.7% |
| 4 Bedrooms | $388K | $388.2K | 0.1% |
| 5+ Bedrooms | $495K | $510K | +3.0% |
Summary: Georgetown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3%.
Housing Supply in Georgetown, KY
How many homes are available in Georgetown, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 337 | 347 | +3.0% |
Summary: The Georgetown real estate market had 347 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 182 | 178 | -2.2% |
| 4 Bedrooms | 111 | 121 | +9.0% |
| 5+ Bedrooms | 30 | 31 | +3.3% |
Summary: The Georgetown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 51 | -28.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Georgetown in October 2024, down by 28.2% month-over-month. Of the 51 sold homes, 39% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for Georgetown, KY
How long does it take to sell a home in Georgetown, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 27 Days | -61.0% |
Summary: Homes in Georgetown had an average of 27 days on market in Oct 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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, 51 homes were sold in Georgetown; 80% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.