Median price of a Georgetown home nears $400,000

See how Georgetown real estate fared in April. (Ali Linan/Community Impact Newspaper)
See how Georgetown real estate fared in April. (Ali Linan/Community Impact Newspaper)

See how Georgetown real estate fared in April. (Ali Linan/Community Impact Newspaper)

Central Texas continues to see residential home prices rise one year after the stay-at-home orders were implemented due to the coronavirus pandemic.

In April, home sales in the Austin-Round Rock metropolitan statistical area hit a record high, increasing 37.2% year over year to 3,604 sales, while the median sales price rose 41.6% year over year to an all-time high of $460,000, according to April Austin Board of Realtors data.

While the stay-at-home orders of April 2020 due to the coronavirus pandemic impacted sales and resulted in higher year-over-year percentage growth by comparison, median prices continue to rise, and inventory continues to remain low, data shows.

In Georgetown, residential sales increased 82.8% year over year and the median price rose 38.2% to $380,000. Georgetown also was reported to have 0.5 months of housing inventory, up 0.4 months of inventory from the month prior, the report said.

The average price per square foot of a Georgetown home is $195, up 32.2% from the year prior.

According to the data, Williamson County April home sales increased 34%, and sales dollar volume soared 92.3% to nearly $573.49 million. The median price rose 45.4% to $430,000.

In addition, housing inventory declined 1.5 months year over year to 0.5 months of inventory, it said.

“One year ago, shelter-in-place orders effectively ground real estate transactions to a halt, leaving uncertainty in the market,” ABoR President Susan Horton said in a news release. “Although striking at face value, last month’s housing market activity demonstrates not only a strong recovery since last spring, but significant growth beyond that recovery.”
By Ali Linan
Ali Linan began covering Georgetown for Community Impact Newspaper in 2018. Her reporting focuses on education and Williamson County. Ali hails from El Paso and graduated from Syracuse University in 2017.


A medium sized black and white dog.
Two overcapacity Georgetown animal shelters are offering free adoptions through June 20

The shelters have teamed up to help with an overflow of adoptable dogs and cats.

Volunteers of Austin Vaccine Angels gathered after becoming fully vaccinated. (Courtesy Jodi Holzband)
Grassroots groups aimed at vaccine outreach look toward the future

For the past five months, grassroots volunteer groups have been working to connect thousands of Central Texans to COVID-19 vaccines.

The two intersection improvement projects cost $875,350 and took seven months to complete. (Courtesy Williamson County)
Williamson County celebrates completion of projects along Ronald Reagan Boulevard in Georgetown

Williamson County held a ribbon cutting to celebrate the completion of two key intersection improvement projects.

Washington Prime Group Inc. owns six area shopping centers, including The Arboretum. (Courtesy The Arboretum)
Owner of Austin-area shopping centers files for bankruptcy; entertainment complex coming to Cedar Park and more top area news

Read the top business and community news from the past week from the Central Texas area.

The Bloomhouse—an 1,100-square-foot home in the hills of West Austin—was built in the 1970s by University of Texas architecture students for fellow student Dalton Bloom. It was featured in the Austin Weird Homes Tour of 2020. (Brian Perdue/Community Impact Newspaper)
Austin Weird Homes Tour ends; Z’Tejas to close Arboretum restaurant and more Central Texas news

Read the latest business and community news from the Central Texas area.

The safety and mobility project, which will widen D.B. Wood Road, will begin construction in 2022. (Trent Thompson/Community Impact Newspaper)
Georgetown hosts open house, seeks public feedback on D.B. Wood Road widening project

The City of Georgetown is hosting an open house in person and online where they will present information and take questions regarding the D.B. Wood Road safety and mobility project.

One of the most recent city projects being completed through the use of eminent domain is the Northwest Boulevard Bridge project, an I-35 east-west overpass bridge that connects north of Rivery Boulevard with FM 971. (Fernanda Figueroa/Community Impact Newspaper.
Updated: Georgetown has used eminent domain on 6 city projects since 2016

By acquiring the land, the city has been able to complete six road and wastewater projects.

A continuous flow intersection allows vehicles to cross to the left side of the roadway to make a left turn. (Courtesy Texas Department of Transportation)
TxDOT seeks public input on proposed changes to I-35 in Georgetown

The state agency is proposing major changes between SE Inner Loop and RM 1431, including adding a continuous flow intersection at I-35 and Westinghouse Road.

The front of a small health clinic.
Outpatient clinic opening at end of June in Georgetown

The new clinic will provide care for individuals recovering from debilitating injuries or illnesses, including long-term effects of COVID-19.

A photo of inside a main room of Arbor Academy
Project-based private school in Georgetown now enrolling for August opening

Arbor Academy aims to provide a smaller community for students.