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 12 Days Ago

Newest Listings in Georgetown County, SC

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