Is Georgetown Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Georgetown Charter Township has remained a Seller's Market.
Housing Prices in Georgetown Charter Township, MI
How much do homes in Georgetown Charter Township, MI cost?
Median Sold Price
$361,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Georgetown Charter Township was $361,000 in March 2024, up 5.7% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $225K | 0.0% |
2 Bedrooms | $249.7K | $237K | -5.1% |
3 Bedrooms | $320K | $342.2K | +7.0% |
4 Bedrooms | $375K | $400K | +6.7% |
5+ Bedrooms | $500K | $472.5K | -5.5% |
Summary: Georgetown Charter Township 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 decreased by 5.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Grandville | $302.6K | $340K | +12.3% |
Hudsonville | $364.9K | $399.9K | +9.6% |
Jenison | $315K | $345K | +9.5% |
Jamestown Charter Township | $415.2K | $450K | +8.4% |
Georgetown Charter Township | $341.6K | $361K | +5.7% |
Housing Supply in Georgetown Charter Township, MI
How many homes are available in Georgetown Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 118 | +15.7% |
Summary: The Georgetown Charter Township real estate market had 118 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 35 | 45 | +28.6% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Georgetown Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Georgetown Charter Township in March 2024, up by 29.6% month-over-month. Of the 35 sold homes, 34% were sold under asking, 9% were sold at asking, and 57% were sold over asking.
Days on Market for Georgetown Charter Township, MI
How long does it take to sell a home in Georgetown Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 19 Days | -23.5% |
Summary: Homes in Georgetown Charter Township had an average of 19 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in Georgetown Charter Township; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.