Is Georgetown, MA 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 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, MA
How much do homes in Georgetown, MA cost?
Median Sold Price
$739,500
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Georgetown have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Georgetown was $739,500 in March 2024, up 12.9% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.5K | $129.5K | -44.5% |
| 2 Bedrooms | $430K | $629.9K | +46.5% |
| 3 Bedrooms | $607.5K | $645K | +6.2% |
| 4 Bedrooms | $900.5K | $825K | -8.4% |
| 5+ Bedrooms | $650K | $927.5K | +42.7% |
Summary: Georgetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.5%, 2 bedroom homes increased by 46.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 42.7%.
Housing Supply in Georgetown, MA
How many homes are available in Georgetown, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Georgetown real estate market had 16 homes for sale in March 2024, a 23.1% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Georgetown in March 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Georgetown, MA
How long does it take to sell a home in Georgetown, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +33.6% |
Summary: Homes in Georgetown had an average of 45 days on market in Mar 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
4 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 March 2024, 7 homes were sold in Georgetown; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
