$10,000 Closing Credit*
$1,498,000
3,500 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73310566, Edmund Wong, Listing Office: New Year Realty
Is Georgetown, MA 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, MA
How much do homes in Georgetown, MA cost?
Median Sold Price
$746,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+3.0%)
Key Takeaway
Homes in Georgetown have sold for 3% more than they did a year ago.
Summary: The median home sold price in Georgetown was $746,500 in October 2024, up 3% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.5K | - | N/A |
| 2 Bedrooms | $586.3K | $635K | +8.3% |
| 3 Bedrooms | $635K | $690K | +8.7% |
| 4 Bedrooms | $930K | $905K | -2.7% |
| 5+ Bedrooms | $1.2M | $812.5K | -36.5% |
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 8.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 2.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Georgetown real estate market had 32 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
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 decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Georgetown in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 41 Days | -13.5% |
Summary: Homes in Georgetown had an average of 41 days on market in Oct 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 October 2024, 5 homes were sold in Georgetown; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
