Is Georgetown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, MA
How much do homes in Georgetown, MA cost?
Median Sold Price
$779,500
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Georgetown have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Georgetown was $779,500 in May 2024, up 16.3% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.5K | $129.5K | -44.5% |
| 2 Bedrooms | $462K | $677.4K | +46.6% |
| 3 Bedrooms | $603.7K | $680.5K | +12.7% |
| 4 Bedrooms | $900.5K | $892K | -0.9% |
| 5+ Bedrooms | $650K | $1.0M | +61.5% |
Summary: Georgetown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.5%, 2 bedroom homes increased by 46.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 61.5%.
Housing Supply in Georgetown, MA
How many homes are available in Georgetown, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Georgetown real estate market had 27 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Georgetown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Georgetown in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 11% were sold at asking, and 89% were sold over asking.
Days on Market for Georgetown, MA
How long does it take to sell a home in Georgetown, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +37.2% |
Summary: Homes in Georgetown had an average of 17 days on market in May 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Georgetown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Georgetown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
