Is Georgetown County, SC 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 County has remained a Seller's Market.
Housing Prices in Georgetown County, SC
How much do homes in Georgetown County, SC cost?
Median Sold Price
$448,405
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Georgetown County was $448,405 in March 2024, up 24.2% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $224.4K | $287.5K | +28.1% |
2 Bedrooms | $245.5K | $289.9K | +18.1% |
3 Bedrooms | $339.8K | $407.6K | +19.9% |
4 Bedrooms | $559K | $644K | +15.2% |
5+ Bedrooms | $950K | $1.3M | +43.9% |
Summary: Georgetown County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 43.9%.
Median Sold Price Compared To Nearby Counties
Georgetown County | $361K | $448.4K | +24.2% |
Williamsburg County | $170K | $195K | +14.7% |
Horry County | $316.8K | $324.5K | +2.4% |
Berkeley County | $362.7K | $367.3K | +1.2% |
Housing Supply in Georgetown County, SC
How many homes are available in Georgetown County, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
402 | 447 | +11.2% |
Summary: The Georgetown County real estate market had 447 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 55 | 55 | 0.0% |
3 Bedrooms | 203 | 234 | +15.3% |
4 Bedrooms | 98 | 107 | +9.2% |
5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The Georgetown County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 85 | +63.5% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Georgetown County in March 2024, up by 63.5% month-over-month. Of the 85 sold homes, 68% were sold under asking, 19% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
107 Days | 103 Days | -3.5% |
Summary: Homes in Georgetown County had an average of 103 days on market in Mar 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During March 2024, 85 homes were sold in Georgetown County; 13% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.