Georgetown, MA Real Estate 2017 - 2021 Stats

By
Real Estate Agent with Keller Williams Realty Evolution - Topsfield, MA 92593-B

This is a 5-year look at the Georgetown, MA Single-Family Real Estate Market. We are a small New England town & our population is growing (8700) and we are in short supply. We all know what low supply v. high demand equals...That's right higher prices. 

The average sales price as a percentage of list price is 107.6% was up 7points.

Our average sales price from 2017 to 2021 is up almost $200,000.

The interesting thing is, 2021 saw the least amount of closed sales during that 5-year period. My personal opinion is as prices get beyond many buyers' ability to pay they move to a lesser-priced community or even cross the border into Southern, NH to find shelter that is more affordable.

 

Sold (Year to Date)

2017

2018

2019

2020

2021

Closed Units (Sold)

92

100

115

109

91

Average Days on Market

57

45

45

38

24

Average Days to Offer

38

30

29

25

15

Average Sale Price

$457,510.80

$462,935.75

$508,012.57

$529,125.61

$642,398.77

Average Sale $ / SqFt

$224.79

$242.80

$245.42

$263.44

$297.35

Average List Price

$461,539.53

$463,303.00

$510,271.32

$525,347.94

$598,957.12

Average List $ / SqFt

$225.93

$242.45

$245.14

$260.85

$275.70

Average Original List Price

$470,831.92

$473,501.99

$518,085.72

$529,245.64

$602,385.69

Average Original List $ / SqFt

$230.72

$247.74

$249.51

$262.20

$277.21

Average Sale Price as % of List Price

99.23%

100.27%

100.04%

100.83%

107.60%

Average Sale Price as % of Original List Price

97.19%

98.06%

98.42%

100.25%

106.95%

Sold Units - Short Sale

3

0

0

0

0

Sold Units - Lender-Owned

3

3

1

1

0

 

 

 

12-Month Activity as of December 31

2017

2018

2019

2020

2021

Units Listed

112

124

131

116

108

Units Price Changed

31

53

38

17

13

Units Went Pending

95

106

121

116

101

Units Sold

92

100

115

110

91

 

These numbers are from our local MLS service named MLS Pinergy (MLSPIN)

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (10)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Doug Dawes very good report about Georgetown, MA real estate 2017 - 2021 stats.

Jan 16, 2022 08:12 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Doug our market was like that a few months ago, as soon as you listed it was in multiple offers.... now things have cooled... hope you are on the listing side when it comes to this kind of market, Endre

Jan 16, 2022 11:24 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Doug - a lot can (and has) change (changed) in a five-year period.  In the world and in local real estate.  It can be kinda scary for some but the opportunities are still abundant. But in different ways.  

Jan 17, 2022 05:18 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Wow, that is definitely a large increase in average prices - and interesting that the average sale price is higher than the average list price. That would tell me that there are those who can afford those prices and probably had to compete with other offers.

Do you have people moving to your area from elsewhere?

Jan 17, 2022 05:24 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

John Pusa 

I was a little surprised at the comparison. It felt like 2021 would have been stronger

Jan 17, 2022 09:45 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Endre Barath, Jr. 

I do like to own the proverbial store in markets like this

Jan 17, 2022 09:46 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Opportunity always exists Michael Jacobs we just have to be aware of them when they expose themselves

Jan 17, 2022 09:47 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I'm always intrigued by the number of people coming from different States to Massachusetts (or as some call it...taxachusetts) Kat Palmiotti 

Jan 17, 2022 09:49 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Jan 23, 2022 10:24 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful day!

Jan 24, 2022 07:20 AM