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| APRIL 2025 | |||
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| Zip Code(s): 20007 | |||
| Units Sold 57 |
Active Inventory 142 |
Median Sale Price $1,275,000 |
Days On Market 55 |
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| Up 14% Vs. Year Ago |
Up 34% Vs. Year Ago |
Down -3% Vs. Year Ago |
Up 62% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 57 sold this month in Georgetown Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 36 units or 34%. The total number of active inventory this April was 142 compared to 106 in April 2024. This month's total of 142 is lower than the previous month's total supply of available inventory of 157, a decrease of 10%. |
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Median Sale Price
Last April, the median sale price for Georgetown Homes was $1,311,250. This April, the median sale price was $1,275,000, a decrease of 3% or $36,250 compared to last year. The current median sold price is 9% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 59 |
Current Contracts 54 |
Sold Vs. List Price 98.6% |
Months of Supply 2.5 |
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| Up 13% Vs. Year Ago |
Down -7% Vs. Year Ago |
Up 2.5% Vs. Year Ago |
Up 17% Vs. Year Ago |
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Months of Supply
In April, there was 2.5 months of supply available in Georgetown, compared to 2.1 in April 2024. That is an increase of 18% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 59 homes newly listed for sale in Georgetown compared to 52 in April 2024, an increase of 13%. There were 54 current contracts pending sale this April compared to 58 a year ago. The number of current contracts is 7% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Georgetown was 98.6% of the average list price, which is 2.4% higher than at this time last year. Days on Market
This month, the average number of days on market was 55, higher than the average last year, which was 34, an increase of 62%. | |||
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Georgetown is defined as properties in zip code 20007. | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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