$8,301 Closing Credit*
$699,000
2,236 SqFt
3 Beds
•3 Full Baths
#73320356, Andrea Lacroix, Listing Office: Churchill Properties
Is Georgetown, MA 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, MA
How much do homes in Georgetown, MA cost?
Median Sold Price
$744,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,000(+2.6%)
Key Takeaway
Homes in Georgetown have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Georgetown was $744,000 in November 2024, up 2.6% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.5K | - | N/A |
| 2 Bedrooms | $586.3K | $675K | +15.1% |
| 3 Bedrooms | $635K | $670K | +5.5% |
| 4 Bedrooms | $900K | $911K | +1.2% |
| 5+ Bedrooms | $1.2M | $812.5K | -36.5% |
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 15.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 36.5%.
Housing Supply in Georgetown, MA
How many homes are available in Georgetown, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Summary: The Georgetown real estate market had 32 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
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 increased by 50%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Georgetown in November 2024, up by 140.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Georgetown, MA
How long does it take to sell a home in Georgetown, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +20.8% |
Summary: Homes in Georgetown had an average of 32 days on market in Nov 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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, 12 homes were sold in Georgetown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
