Search homes for sale in Georgetown, TX, known as the "Red Poppy" capital of Texas due to the red poppies planted throughout the city.
The housing market in Georgetown exhibits low competitiveness. On average, homes in Georgetown receive 1 offer and typically sell within 81 days. Last month, the median sale price for a home in Georgetown reached $447K, reflecting a 5.1% increase from the previous year. However, the median sale price per square foot in Georgetown has decreased to $212, showing a 2.5% decline since last year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
As of December 2023, the Georgetown real estate market experienced a 5.1% increase in home prices compared to the previous year, with the median sales price reaching $447K. Homes in Georgetown are selling slightly faster, with the average property spending 81 days on the market, a slight decrease from the 83-day average of the previous year.
However, the volume of home sales has seen a decline, with 202 homes sold in December this year, compared to 233 in the same month last year. This suggests a tightening in the availability of homes, despite the steady increase in prices and a marginally quicker sales pace.
The Georgetown housing market shows low competitiveness. Properties typically take 87 days to sell, and receiving multiple offers is an uncommon occurrence. On average, homes in Georgetown are sold at roughly 3% below their listed price and generally go under contract in about 87 days. In contrast, highly sought-after or 'hot' homes may sell closer to their listing price and tend to go pending in approximately 42 days.
Georgetown, Texas, is an attractive location for real estate investment, thanks to its steady population growth driven by its proximity to Austin, high quality of life with good schools and low crime rates, and its unique historic and scenic appeal. Additionally, the area is experiencing rising property values, suggesting a potentially healthy market for both residential and commercial real estate investments.
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