Is Georgetown County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown County is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Georgetown County was a Seller's Market.

Key Takeaway

Georgetown County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Georgetown County, SC

How much do homes in Georgetown County, SC cost?

Median Sold Price

$448,666

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$78,901(+21.3%)

Key Takeaway

Homes in Georgetown County have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in Georgetown County was $448,666 in April 2024, up 21.3% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $224.9K$345.5K
+53.6%
2 $245.5K$305K
+24.2%
3 $345.1K$409.3K
+18.6%
4 $550K$647K
+17.6%
5+ $950K$1.3M
+43.6%

Summary: Georgetown County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 43.6%.

Median Sold Price Compared To Nearby Counties

Georgetown County
+21.3%
Williamsburg County
+9.7%
Berkeley County
+2.3%
Horry County
+2.1%
Marion County
-13.8%

Housing Supply in Georgetown County, SC

How many homes are available in Georgetown County, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
450465+3.3%

Summary: The Georgetown County real estate market had 465 homes for sale in April 2024, a 3.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1216
+33.3%
2 5869
+19.0%
3 231224
-3.0%
4 111115
+3.6%
5+ 3841
+7.9%

Summary: The Georgetown County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 19%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
9173-19.8%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown County, you may be able to get a good deal. 68.5% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in Georgetown County in April 2024, down by 19.8% month-over-month. Of the 73 sold homes, 68% were sold under asking, 22% were sold at asking, and 10% were sold over asking.

Days on Market for Georgetown County, SC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
113 Days116 Days+3.2%

Summary: Homes in Georgetown County had an average of 116 days on market in Apr 2024, up by 3.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Georgetown County has remained consistent over time.

Summary: During April 2024, 73 homes were sold in Georgetown County; 1% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 40% 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 3 Days Ago

Newest Listings in Georgetown County, SC

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