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Sunday, February 23, 2025

Georgetown home prices fall in July 2018

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The median sale price of a home sold in July 2018 in Georgetown fell by $112,950 while total sales increased by 150%, according to BlockShopper.com.

In July 2018, there were 10 homes sold, with a median sale price of $119,000 - a 48.7% decrease over the $231,950 median sale price for the same period of the previous year. There were four homes sold in Georgetown in July 2017.

The following table compares Georgetown to other Sussex County cities with similar median sales prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
West Rehoboth12-50%$140,000$274,749.50-49%
Frankford220%$138,000$80,00072.5%
Laurel5366.7%$129,900$25,000419.6%
Sherwood Acres10-$127,500$0-
Foxfire Meadow21100%$125,000$175,000-28.6%
Georgetown104150%$119,000$231,950-48.7%
Blades30-$110,000$0-
Ocean Way Estates12-50%$82,500$253,500-67.5%
Seaford Heights10-$66,000$0-
Laurel Creek110%$50,000$146,000-65.8%
Ellendale10-$15,000$0-

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