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 neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Georgetown County 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 County, SC

How much do homes in Georgetown County, SC cost?

Median Sold Price

$450,400

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,400(+9.1%)

Key Takeaway

Homes in Georgetown County have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Georgetown County was $450,400 in October 2024, up 9.1% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K$232K
-18.6%
2 $277K$265.9K
-4.0%
3 $371.9K$419.9K
+12.9%
4 $597.7K$649.9K
+8.7%
5+ $1.2M$1.4M
+18.1%

Summary: Georgetown County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 18.1%.

Median Sold Price Compared To Nearby Counties

Marion County
+33.1%
Georgetown County
+9.1%
Berkeley County
+2.1%
Horry County
+1.7%

Housing Supply in Georgetown County, SC

How many homes are available in Georgetown County, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
459476+3.7%

Summary: The Georgetown County real estate market had 476 homes for sale in October 2024, a 3.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1717
0.0%
2 4449
+11.4%
3 225234
+4.0%
4 116122
+5.2%
5+ 5754
-5.3%

Summary: The Georgetown County 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 11.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5579+43.6%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

9 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. 64.6% of homes here sold below asking price last month.

Summary: A total of 79 homes were sold or pending in Georgetown County in October 2024, up by 43.6% month-over-month. Of the 79 sold homes, 65% were sold under asking, 24% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
92 Days127 Days+36.7%

Summary: Homes in Georgetown County had an average of 127 days on market in Oct 2024, up by 36.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

30 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 October 2024, 79 homes were sold in Georgetown County; 4% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 38% 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 20 Days Ago

Newest Listings in Georgetown County, SC

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