Is Georgetown, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgetown is a neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Georgetown 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, KY

How much do homes in Georgetown, KY cost?

Median Sold Price

$308,750

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,880(+8.0%)

Key Takeaway

Homes in Georgetown have sold for 8% more than they did a year ago.

Summary: The median home sold price in Georgetown was $308,750 in April 2024, up 8% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $109K$75K
-31.2%
2 $182.5K$228K
+24.9%
3 $255.8K$275K
+7.5%
4 $367K$394.9K
+7.6%
5+ $480K$497.4K
+3.6%

Summary: Georgetown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.2%, 2 bedroom homes increased by 24.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 3.6%.

Housing Supply in Georgetown, KY

How many homes are available in Georgetown, KY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
248286+15.3%

Summary: The Georgetown real estate market had 286 homes for sale in April 2024, a 15.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1113
+18.2%
3 131144
+9.9%
4 85103
+21.2%
5+ 2125
+19.0%

Summary: The Georgetown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5047-6.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Georgetown, you may be able to get a good deal. 38.3% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Georgetown in April 2024, down by 6.0% month-over-month. Of the 47 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.

Days on Market for Georgetown, KY

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

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days40 Days-13.6%

Summary: Homes in Georgetown had an average of 40 days on market in Apr 2024, down by 13.6% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Georgetown are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 47 homes were sold in Georgetown; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% 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 13 Days Ago

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