Is Georgetown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Georgetown was a Seller's Market.
Housing Prices in Georgetown, TX
How much do homes in Georgetown, TX cost?
Median Sold Price
$447,741
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Georgetown was $447,741 in June 2024, down 1.2% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $370K | +14.7% |
2 Bedrooms | $400K | $383.1K | -4.2% |
3 Bedrooms | $414.2K | $399.9K | -3.4% |
4 Bedrooms | $500K | $508.1K | +1.6% |
5+ Bedrooms | $657.6K | $617.5K | -6.1% |
Summary: Georgetown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
Georgetown | $453K | $447.7K | -1.2% |
Round Rock | $448.6K | $440.8K | -1.8% |
Round Rock-Georgetown | $478.2K | $459.7K | -3.9% |
Leander | $489.4K | $467.9K | -4.4% |
Housing Supply in Georgetown, TX
How many homes are available in Georgetown, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,248 | 1,285 | +3.0% |
Summary: The Georgetown real estate market had 1,285 homes for sale in June 2024, a 3.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 198 | 203 | +2.5% |
3 Bedrooms | 409 | 454 | +11.0% |
4 Bedrooms | 506 | 494 | -2.4% |
5+ Bedrooms | 133 | 132 | -0.8% |
Summary: The Georgetown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
217 | 179 | -17.5% |
Asking Price vs. Sold Price
110 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 179 homes were sold or pending in Georgetown in June 2024, down by 17.5% month-over-month. Of the 178 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
70 Days | 58 Days | -17.2% |
Summary: Homes in Georgetown had an average of 58 days on market in Jun 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During June 2024, 179 homes were sold in Georgetown; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.