$5,047 Closing Credit*
$425,000
2,553 SqFt
4 Beds
•3 Full Baths, 1 Partial
Giuseppe Lupis, Listing Office: Greenridge Realty (EGR)
Is Georgetown Charter Township, MI 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 Charter Township has remained a Seller's Market.
Key Takeaway
Georgetown Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Georgetown Charter Township, MI
How much do homes in Georgetown Charter Township, MI cost?
Median Sold Price
$370,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,998(+5.7%)
Key Takeaway
Homes in Georgetown Charter Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Georgetown Charter Township was $370,000 in November 2024, up 5.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $236K | $278.2K | +17.9% |
| 3 Bedrooms | $335K | $345K | +3.0% |
| 4 Bedrooms | $390K | $420K | +7.7% |
| 5+ Bedrooms | $485K | $520K | +7.2% |
Summary: Georgetown Charter Township 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 17.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Grandville | $335.5K | $359K | +7.0% |
| Hudsonville | $390.6K | $413.5K | +5.9% |
| Georgetown Charter Township | $350K | $370K | +5.7% |
| Jamestown Charter Township | $441K | $462.3K | +4.8% |
| Jenison | $333.3K | $348K | +4.4% |
Housing Supply in Georgetown Charter Township, MI
How many homes are available in Georgetown Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 122 | -19.2% |
Summary: The Georgetown Charter Township real estate market had 122 homes for sale in November 2024, a 19.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 29 | 19 | -34.5% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 48 | 44 | -8.3% |
| 5+ Bedrooms | 38 | 27 | -28.9% |
Summary: The Georgetown Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 34.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 28.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 36 | -28.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Georgetown Charter Township in November 2024, down by 28.0% month-over-month. Of the 36 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Georgetown Charter Township, MI
How long does it take to sell a home in Georgetown Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 16 Days | -40.8% |
Summary: Homes in Georgetown Charter Township had an average of 16 days on market in Nov 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Georgetown Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in Georgetown Charter Township; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.