📢 Northwest Georgetown (Excluding Sun City) – February 2025 Single-Family Homes Report
Sales dropped significantly, but home values remain constant—what does this mean for this growing section of Georgetown?
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📊 Market Overview
February 2025 saw 35 homes sold in Northwest Georgetown (excluding Sun City), falling short of the expected 46 homes by 24%, based on last month’s sales and the 17.2% expected monthly trend.
Compared to January, sales were down 42%, and compared to February 2024, sales were down 37%. Homes are taking longer to sell, and buyers are showing more hesitation—but pricing has not yet followed suit.
📄 Sales Details
The total net sales volume reached $20.1 million, with an average net sale price of $568,154, median of $488,505, and a high of $1,195,000. The average price per square foot was $210, with a median of $193, and a high of $384 per SF.
💸 List-to-Sale Discount
Homes sold at an average discount of 2.4% below list price. That means buyers negotiated down from list prices more often than not. The median discount was 2.2%, with the largest discount reaching 6.7% off list price.
🧾 List Price Breakdown
Average and median list prices remained above net sale prices, highlighting ongoing buyer leverage. The average list price was $582,132, the median list price was $510,000, and the highest list price in February reached $1,200,000.
List price per square foot followed suit, with an average of $215, median of $202, and a high of $384 per SF.
📌 Key Market Stats
- 🏠 Total Homes Sold: 35
- 💰 Total Net Sales Volume: $20,107,502
- 💲 Average Net Sale Price: $568,154
- 📊 Median Net Sale Price: $488,505
- 🚀 High Net Sale Price: $1,195,000
- 📏 Net Price Per Square Foot: $210 (Avg) | $193 (Median) | $384 (High)
- 📉 Net Sale Price MoM Change: -8.5% (Avg) | -10.3% (Median)
- 💲 Average List Price: $582,132
- 📊 Median List Price: $510,000
- 🚀 High List Price: $1,200,000
- 📐 List Price Per SF: $215 (Avg) | $202 (Median) | $384 (High)
- ⏳ Cumulative Days on Market: 163 (Avg) | 132 (Median)
- 📉 Sales Volume MoM: -42%
- 📉 Sales Volume YoY: -37%
🏡 What It Means for Buyers
With inventory sitting longer and price reductions becoming more common, buyers have more flexibility and time to make decisions. It’s a great time to explore opportunities in a premium part of Georgetown with less competition.
📢 What It Means for Sellers
Sellers need to be strategic. Longer market times and fewer closings mean pricing correctly and preparing homes meticulously are more important than ever to secure a solid offer.
💡 Final Thoughts
📊 Real estate is variable based on each micro market’s local economic and demographic factors. Whether you’re buying or selling, the right strategy matters. If we can help you analyze your situation and plan for success in 2025, please reach out. We’d love to chat and help you navigate this evolving market.
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👨💼 ALEX Associate Broker & ALEX AI Director
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📞 713.918.9951
📧 george@alex.realestate
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