Is Georgetown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Georgetown was a Seller's Market.
Housing Prices in Georgetown, DE
How much do homes in Georgetown, DE cost?
Median Sold Price
$379,816
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Georgetown was $379,816 in April 2024, up 10.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $232.5K | $295K | +26.9% |
3 Bedrooms | $333.7K | $389.9K | +16.9% |
4 Bedrooms | $430K | $383K | -10.9% |
5+ Bedrooms | $435K | $565K | +29.9% |
Summary: Georgetown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 29.9%.
Housing Supply in Georgetown, DE
How many homes are available in Georgetown, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 112 | +21.7% |
Summary: The Georgetown real estate market had 112 homes for sale in April 2024, a 21.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 58 | 77 | +32.8% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Georgetown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 32.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Georgetown in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Georgetown, DE
How long does it take to sell a home in Georgetown, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
108 Days | 50 Days | -53.7% |
Summary: Homes in Georgetown had an average of 50 days on market in Apr 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Georgetown; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.