Is Georgetown, KY 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, 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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109K | $75K | -31.2% |
2 Bedrooms | $182.5K | $228K | +24.9% |
3 Bedrooms | $255.8K | $275K | +7.5% |
4 Bedrooms | $367K | $394.9K | +7.6% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
248 | 286 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 131 | 144 | +9.9% |
4 Bedrooms | 85 | 103 | +21.2% |
5+ Bedrooms | 21 | 25 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 47 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 40 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
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.