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.


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