Georgetown Housing Market Report December 2024•Scott County, Kentucky

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Housing Prices in Georgetown, KY

How much do homes in Georgetown, KY cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Georgetown is a Seller's Market

Difference Since December 2023

Since last year, Georgetown has remained a Seller's Market.

Insight

Georgetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$339,900$162/SqFt
+$34,900
+11.4%

Based on all homes sold in the last 12 months

Insight

Homes in Georgetown have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Georgetown was $339,900 in December 2024, up 11.4% from last year, and the median price per square foot was $162.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$98.7K$18.5K
-81.3%
2$217K$229.2K
+5.6%
3$270K$294.9K
+9.3%
4$385K$393.9K
+2.3%
5$472.5K$510K
+7.9%

Summary: Georgetown housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -81.3%. The home price for 2 bedroom homes increased by +5.6%. The home price for 3 bedroom homes increased by +9.3%. The home price for 4 bedroom homes increased by +2.3%. The home price for 5 bedroom homes increased by +7.9%.

Housing supply in Georgetown, KY

How many homes are available in Georgetown, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
349Last MonthDec 2024
3692 months agoNov 2024
-5.4 %
Change MoMNov – Dec

Summary: The Georgetown real estate market had 349 homes for sale in Dec 2024, a 5.4 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
75Last MonthDec 2024
622 months agoNov 2024
+21.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
21813
-27.8%
3183176
-3.8%
4138132
-4.3%
53028
-6.7%

Summary: Georgetown housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -27.8%. The inventory for 3 bedroom homes decreased by -3.8%. The inventory for 4 bedroom homes decreased by -4.3%. The inventory for 5 bedroom homes decreased by -6.7%.

Asking Price vs. Sold Price

How much do homes in Georgetown, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price15 Homes

At Asking Price24 Homes

Under Asking Price36 Homes

Insight

If you're buying a home in Georgetown, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Georgetown in December 2024, up by 21.0% month-over-month. Of the 75 sold homes, 48% were sold under asking, 32% were sold at asking, and and 20% were sold over asking.

Days on Market for Georgetown, KY

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

Breakdown of Home Sale Times

Under 30 Days51 Homes

30 – 90 Days16 Homes

Over 90 Days7 Homes

Insight

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

Summary: During December 2024, 75 homes were sold in Georgetown; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
39 DaysThis YearDec 2024
31 Days1 year agoDec 2023
+25.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Georgetown had an average listing age of 39 days in Dec 2024, up by 25.9% compared to the previous year.

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Newest Listings in Georgetown, KY

What homes are available in Georgetown, KY?

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Based on information from Imagine MLS, and North Texas Real Estate Information Systems Inc. for the period 01/01/2023 - 01/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/17/2025, 11:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.