Is Georgetown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Georgetown was a Seller's Market.
Housing Prices in Georgetown, DE
How much do homes in Georgetown, DE cost?
Median Sold Price
$380,970
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Georgetown was $380,970 in March 2024, up 14.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $230K | $242.5K | +5.4% |
3 Bedrooms | $326.2K | $389.9K | +19.5% |
4 Bedrooms | $414K | $410K | -1.0% |
5+ Bedrooms | $435K | $565K | +29.9% |
Summary: Georgetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 29.9%.
Housing Supply in Georgetown, DE
How many homes are available in Georgetown, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 145 | +5.8% |
Summary: The Georgetown real estate market had 145 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 12 | -25.0% |
3 Bedrooms | 79 | 88 | +11.4% |
4 Bedrooms | 37 | 40 | +8.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Georgetown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Georgetown in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Georgetown, DE
How long does it take to sell a home in Georgetown, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 24 Days | -56.0% |
Summary: Homes in Georgetown had an average of 24 days on market in Mar 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Georgetown; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.