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Market Report for Georgetown, MA 01833

By
Real Estate Agent with Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA 92593-B

 20 February 2024 single-family homes year/year report for the Town of Georgetown, MA. Georgetown is a community located 32 miles northeast of Boston in historic Essex County.

Georgetown, Essex County, Massachusetts Genealogy • FamilySearch

 

 

 

 

 

Listing Inventory on February 20

2023

2024

Var.

Var. %

Trend

Listing Units

1

2

1

100%

Increase

Median Days on Market

118

19

-99

-83.90%

Decrease

Median List Price

$1,195,000.00

$699,500.00

-$495,500.00

-41.46%

Decrease

Median List $ / SqFt

$377.45

$345.60

-$31.85

-8.44%

Decrease

Approximate Absorption Rate

675.00%

237.50%

-437.50%

-64.81%

Decrease

Approximate Months Supply of Inventory

0.15

0.42

0.27

180%

Increase

 

 

 

Listed (Year to Date)

2023

2024

Var.

Var. %

Trend

Listing Units (Taken)

5

7

2

40%

Increase

Median Original List Price

$699,000.00

$749,000.00

$50,000.00

7.15%

Increase

Median Original List $ / SqFt

$332.87

$350.28

$17.41

5.23%

Increase

 

 

 

 

 
 

 

Sold (Year to Date)

2023

2024

Var.

Var. %

Trend

Closed Units (Sold)

7

3

-4

-57.14%

Decrease

Median Days on Market

31

48

17

54.84%

Increase

Median Days to Offer

10

33

23

230%

Increase

Median Sale Price

$750,000.00

$739,000.00

-$11,000.00

-1.47%

Decrease

Median Sale $ / SqFt

$290.85

$311.55

$20.70

7.12%

Increase

Median List Price

$719,900.00

$739,000.00

$19,100.00

2.65%

Increase

Median List $ / SqFt

$277.97

$303.90

$25.93

9.33%

Increase

Median Original List Price

$719,900.00

$739,000.00

$19,100.00

2.65%

Increase

Median Original List $ / SqFt

$277.97

$329.23

$51.26

18.44%

Increase

Median Sale Price as % of List Price

97.88%

100%

2.12%

2.17%

Increase

Median Sale Price as % of Original List Price

97.88%

94.63%

-3.25%

-3.32%

Decrease

 

 

 

 

Posted by

Grace be with you, and peace, from God our Father, and the Lord Jesus Christ.

2 Thessalonians 1:2 KJV

Keller Williams Realty Evolution

447 Newburyport Turnpike Suite #5

Topsfield, MA 01983

 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (4)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Doug:

This is important information for Georgetown buyers and sellers. The next step is for them to contact you to better understand how these market conditions can impact their buying and selling decisions.

Jeff

Feb 20, 2024 10:02 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good Afternoon Jeff Dowler, CRS 

Thanks for dropping in and commenting. It's an interesting market.

Feb 20, 2024 10:10 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You definitely keep up with what is going on in the Georgetown real estate market!

Feb 21, 2024 05:11 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good Morning Brian England 

I try to stay in touch so I know how to address the market with clients

Feb 21, 2024 08:52 AM