Is Georgetown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Georgetown has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $205K | - | N/A |
3 Bedrooms | $345K | $361K | +4.6% |
4 Bedrooms | $800K | $1.0M | +34.2% |
5+ Bedrooms | $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.
Housing Supply
How many homes are available in Georgetown, TN?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
7 | 12 | +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
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 1 | +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 2023 | Aug 2023 | CHANGE |
---|---|---|
0 | 4 | +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
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 2022 | Aug 2023 | CHANGE |
---|---|---|
39 Days | 264 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
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.