Is Georgetown, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Georgetown, TN cost?

Median Sold Price

$380,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

-$1,500(-0.4%)

Key Takeaway

The sold price of homes in Georgetown has remained the same since last year.

Summary: The median home sold price in Georgetown was $380,000 in August 2023, down 0.4% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $65K-
N/A
2 $205K-
N/A
3 $345K$361K
+4.6%
4 $800K$1.0M
+34.2%
5+ $705K-
N/A

Summary: Georgetown housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mc Donald
+11.1%
Ooltewah
+7.3%
Georgetown
-0.4%

Housing Supply

How many homes are available in Georgetown, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
712+71.4%

Summary: The Georgetown real estate market had 12 homes for sale in August 2023, a 71.4% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 11
0.0%
3 59
+80.0%
4 11
0.0%
5+ 01
+100.0%

Summary: The Georgetown housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Georgetown in August 2023, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market

How long does it take to sell a home in Georgetown, TN?

Average Sale Time

Aug 2022Aug 2023CHANGE
39 Days264 Days+565.5%

Summary: Homes in Georgetown had an average of 264 days on market in Aug 2023, up by 565.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Georgetown are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2023, 4 homes were sold in Georgetown; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 22 Days Ago

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Nearby Markets

What housing markets are near Georgetown, TN?