$10,000 Closing Credit*
$1,329,000
3,013 SqFt
7 Beds
•3 Full Baths, 2 Partial
#487306, Listing Office: Brooklyn's 4 U Realty LLC
Is Georgetown, NY 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, NY
How much do homes in Georgetown, NY cost?
Median Sold Price
$757,500
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$72,500(-8.7%)
Key Takeaway
Homes in Georgetown have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Georgetown was $757,500 in October 2024, down 8.7% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $530K | -3.6% |
| 3 Bedrooms | $680K | $712.5K | +4.8% |
| 4 Bedrooms | $963.7K | - | N/A |
| 5+ Bedrooms | $1.2M | $1.1M | -7.5% |
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 decreased by 3.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $735.7K | $763.7K | +3.8% |
| Bergen Beach | $852.5K | $872.5K | +2.3% |
| Mill Basin | $845K | $810K | -4.1% |
| Georgetown | $830K | $757.5K | -8.7% |
Housing Supply in Georgetown, NY
How many homes are available in Georgetown, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Georgetown real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
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 increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Georgetown in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Georgetown, NY
How long does it take to sell a home in Georgetown, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 53 Days | +17.0% |
Summary: Homes in Georgetown had an average of 53 days on market in Oct 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 6 homes were sold in Georgetown; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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