Is Georgetown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Georgetown has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $391.2K | $407.5K | +4.2% |
2 Bedrooms | $412K | $389.7K | -5.4% |
3 Bedrooms | $436.2K | $400K | -8.3% |
4 Bedrooms | $507.8K | $500K | -1.6% |
5+ Bedrooms | $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 | $446.4K | $445.3K | -0.3% |
Georgetown | $459.9K | $448.4K | -2.5% |
Leander | $506.6K | $469.3K | -7.4% |
Round Rock-Georgetown | $499.9K | $462.6K | -7.5% |
Housing Supply in Georgetown, TX
How many homes are available in Georgetown, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
900 | 975 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 160 | 174 | +8.8% |
3 Bedrooms | 316 | 345 | +9.2% |
4 Bedrooms | 347 | 365 | +5.2% |
5+ Bedrooms | 76 | 90 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
187 | 179 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 77 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
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.