Is Georgetown, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Georgetown was a Neutral Market.

Key Takeaway

Georgetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Georgetown, SC

How much do homes in Georgetown, SC cost?

Median Sold Price

$369,450

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,783(+12.1%)

Key Takeaway

Homes in Georgetown have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Georgetown was $369,450 in October 2024, up 12.1% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$170K
N/A
2 $228.9K$212.4K
-7.2%
3 $294K$329.9K
+12.2%
4 $377K$459.4K
+21.9%
5+ $1.3M$1.8M
+31.5%

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 7.2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 31.5%.

Housing Supply in Georgetown, SC

How many homes are available in Georgetown, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
162174+7.4%

Summary: The Georgetown real estate market had 174 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 8189
+9.9%
4 5153
+3.9%
5+ 2022
+10.0%

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 remained the same, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1630+87.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Georgetown in October 2024, up by 87.5% month-over-month. Of the 30 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.

Days on Market for Georgetown, SC

How long does it take to sell a home in Georgetown, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
111 Days195 Days+74.2%

Summary: Homes in Georgetown had an average of 195 days on market in Oct 2024, up by 74.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Georgetown are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 30 homes were sold in Georgetown; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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