Is Georgetown, TX 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 March 2023

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 in Georgetown, TX

How much do homes in Georgetown, TX cost?

Median Sold Price

$448,497

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$11,447(-2.5%)

Key Takeaway

Homes in Georgetown have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Georgetown was $448,497 in March 2024, down 2.5% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $391.2K$407.5K
+4.2%
2 $412K$389.7K
-5.4%
3 $436.2K$400K
-8.3%
4 $507.8K$500K
-1.6%
5+ $625K$645K
+3.2%

Summary: Georgetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

Round Rock
-0.3%
Georgetown
-2.5%
Leander
-7.4%
Round Rock-Georgetown
-7.5%

Housing Supply in Georgetown, TX

How many homes are available in Georgetown, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
900975+8.3%

Summary: The Georgetown real estate market had 975 homes for sale in March 2024, a 8.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 160174
+8.8%
3 316345
+9.2%
4 347365
+5.2%
5+ 7690
+18.4%

Summary: The Georgetown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 18.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
187179-4.3%

Asking Price vs. Sold Price

120 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

21 Homes Were 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. 67% of homes here sold below asking price last month.

Summary: A total of 179 homes were sold or pending in Georgetown in March 2024, down by 4.3% month-over-month. Of the 179 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.

Days on Market for Georgetown, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
74 Days77 Days+4.3%

Summary: Homes in Georgetown had an average of 77 days on market in Mar 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

60 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Georgetown are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 179 homes were sold in Georgetown; 41% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 34% 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 24 Days Ago

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