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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Georgetown County was a Seller's Market.

Key Takeaway

Georgetown County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Georgetown County, SC

How much do homes in Georgetown County, SC cost?

Median Sold Price

$459,221

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,805(+10.8%)

Key Takeaway

Homes in Georgetown County have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Georgetown County was $459,221 in November 2024, up 10.8% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $257.5K$230K
-10.7%
2 $278K$284.7K
+2.4%
3 $373.4K$425.9K
+14.1%
4 $610K$645.3K
+5.8%
5+ $1.1M$1.4M
+23.9%

Summary: Georgetown County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 23.9%.

Median Sold Price Compared To Nearby Counties

Marion County
+35.2%
Georgetown County
+10.8%
Horry County
+2.8%
Berkeley County
+2.3%

Housing Supply in Georgetown County, SC

How many homes are available in Georgetown County, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
464437-5.8%

Summary: The Georgetown County real estate market had 437 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1718
+5.9%
2 4549
+8.9%
3 234214
-8.5%
4 116109
-6.0%
5+ 5247
-9.6%

Summary: The Georgetown County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 9.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8848-45.5%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Georgetown County in November 2024, down by 45.5% month-over-month. Of the 48 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% were sold over asking.

Days on Market for Georgetown County, SC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
100 Days108 Days+8.3%

Summary: Homes in Georgetown County had an average of 108 days on market in Nov 2024, up by 8.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Georgetown County has remained consistent over time.

Summary: During November 2024, 48 homes were sold in Georgetown County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 40% 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 21 Days Ago

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