Georgetown Home Prices & Values

$408,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.1% 1-year change
  • 1.0% 1-year forecast

The median home value in Georgetown is $408,200. Georgetown home values have gone up 6.1% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Georgetown is $216, which is lower than the Boston Metro average of $224. The median price of homes currently listed in Georgetown is $489,900 while the median price of homes that sold is $397,000. The median rent price in Georgetown is $1,650, which is lower than the Boston Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In Georgetown 2.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Georgetown is 13.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Georgetown homeowners underwater on their mortgage is 6.2%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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Georgetown Market Overview

Data through Aug 31, 2014
  • $408,200 ZHVI
  • 1.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $489,900 Median listing price
  • $397,000 Median sale price (Jul 31, 2014)
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Georgetown Market Health

Data through Aug 31, 2014
  • 6.3/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 6.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes(Jul 31, 2014) Georgetown
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Town of Boxford $568,600 Town of Topsfield $516,700 West Newbury $490,600
Middleton $449,000 North Andover $432,500 Town of Rowley $410,500
Groveland $347,200 Merrimac $328,200 Haverhill $243,600

Listings & Sales

Data through Aug 31, 2014
  • $216 Median list price / sq ft
  • $203 Median sale price / sq ft (Jul 31, 2014)
  • 50.9% Listings with price cut
43.8%
Sold below listing
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Georgetown Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,075 Georgetown
$2,116 Boston Metro
$1,328 United States
  • 2.9 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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