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 seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Georgetown County has remained a Seller's Market.

Key Takeaway

Georgetown County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$87,329(+24.2%)

Key Takeaway

Homes in Georgetown County have sold for 24.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $224.4K$287.5K
+28.1%
2 $245.5K$289.9K
+18.1%
3 $339.8K$407.6K
+19.9%
4 $559K$644K
+15.2%
5+ $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
+24.2%
Williamsburg County
+14.7%
Horry County
+2.4%
Berkeley County
+1.2%

Housing Supply in Georgetown County, SC

How many homes are available in Georgetown County, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
402447+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

# BEDSFeb 2024Mar 2024CHANGE
1 910
+11.1%
2 5555
0.0%
3 203234
+15.3%
4 98107
+9.2%
5+ 3741
+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 2024Mar 2024CHANGE
5285+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown County, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
107 Days103 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Georgetown County has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Georgetown County, SC

Nearby Markets to Georgetown County, SC

What housing markets are near Georgetown County, SC?