Is Georgetown, IL 61846 a buyer’s or seller’s market?
Georgetown is a seller’s market. With about 3.6 months of supply and 38% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Georgetown housing market right now
In the three months ending August 31, 2026, 38% of homes in Georgetown, IL 61846 sold above their list price, the typical home went under contract in 33 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold more slowly (19 days then) and the median sale price held steady to $84,963. Overall, Georgetown is more competitive than a year ago, so tougher for buyers.
Within Vermilion County, homes here sell faster than in 59% of the county’s ZIP codes, and sell more often over asking than in 76%.
Nearby, buyers who want less competition could look at Sidell 61876 (0% sold over asking) or Potomac 61865 (0% sold over asking), while Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.
Run the numbers for 61846
Nearby markets
Allerton 61810Buyer’s market $81 /sq ftAlvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ft Browse all markets →Towns like Georgetown nearby
Find towns like Georgetown in other states →Where Georgetown is
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Questions about Georgetown real estate
Is Georgetown a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Georgetown, IL 61846 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Georgetown?
The typical home went under contract in 33 days in the latest three months.
Do homes in Georgetown sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Georgetown?
About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.
What is the median home price in Georgetown?
The median sale price was $84,963 in the three months ending August 31, 2026, about $68 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology