Real estate
BY JESSICA MCLAREN
First-time homebuyers are propelling Georgetown’s real estate market, especially at the midrange price level, while repeat buyers face high interest rates, local Realtor Tanya Kerr said. More than a quarter of April sales across Georgetown’s three area ZIP codes were in the $300,000-$399,999 price range—a market typically saturated with rst-time homebuyers. Data from ICE Mortgage Technology shows roughly 51.5% of U.S. mortgage holders have a rate below 4%, while the current 30- year xed average rate is 6.37%, according to Federal Reserve data. For a move-up buyer trading in their starter home, that means surrendering a low rate and taking on higher property taxes and insurance. “The pain for that buyer to leave their current home must be strong enough that they’re willing to give that up,” said Kerr, with T. Kerr Property Group under Keller Williams Realty. First-time buyers drive the market
Visualizing the gap
By the numbers
The gap between average and median home sales prices reveals the variety in each ZIP code. A larger gap means the data is aected by price outliers.
Georgetown’s 2026 median prices opened lower than prior years and fell in February, hitting $404,990 compared to roughly $450,000– $457,000 in the same month in 2024 and 2025, according to data from Unlock MLS. Kerr pointed to January and February as the inection point, when sellers grew anxious about incoming spring inventory and began dropping prices aggressively. Prices have partially recovered but remain below prior-year levels. “Buyers are still out there,” Kerr said. “They’re still willing to buy, but they are not willing to overpay. You better make it worth their while.” East Georgetown homes sold in half the time as properties west of I-35. The dierence lies in price point: east side homes at a $360,000 median attract rst-time buyers, while the southwest’s $556,000 median targets move-up buyers. Median prices reect the middle of the market, unaected by outliers at either end, while aver- ages can be skewed by a single transaction.
April 2026
Median price
Average price
78626
$360,000 $384,305
78628
$556,000
$586,388
78633
$420,000
SOURCE: UNLOCK MLS COMMUNITY IMPACT
$497,332
The gap between them reveals how wide the range of home prices is in each ZIP code, Kerr said. A larger gap means luxury sales are pulling the average up. ZIP code 78633 shows the widest gap between median and average price at $77,332, or 18.4%, reecting luxury and Sun City activity.
The outlook
“First-time homebuyers will always move the market,” TANYA KERR, REALTOR WITH T. KERR PROPERTY GROUP
spring and summer, she said. Federal Reserve rate changes could signicantly impact move- up buyers, but rst-time homebuyers will likely continue to drive activity in the midrange. “They’re the ones that create movement because they’re not locked into a low interest rate and they’re making the leap from renting to owning,” Kerr said.
Real estate data through spring 2026 re ects a market in correction, not collapse, Kerr said. Data from Unlock MLS shows sales in the Georgetown area are up 4.1% from this time last year, but median prices have dropped as buyers are refusing to overpay, Kerr said. Inventory should continue rising through
LIVE BETTER. LIVE WISER. LIVE MORE FULFILLED.
LIVE BETTER. LIVE WISER. LIVE MORE FULFILLED.
Coming Soon! Community Impact’s health care Guide
Free Monthly Seminars for Seniors June 18th Topic: Are You Tech Savvy Enough? Tips Every Senior Should Know Free Monthly Seminars for Seniors June 18th Topic: Are You Tech Savvy Enough? Tips Every Senior Should Know
REGISTER TODAY * LIMITED SEATING 10:00AM - 11:30AM Mckinney Christian Ministry Center - First Methodist Church Campus 1205 Ash Street Georgetown 512-862-7339 SENIORSLIVINGSMARTER.COM/SEMINAR REGISTER TODAY * LIMITED SEATING 10:00AM - 11:30AM Mckinney Christian Ministry Center - First Methodist Church Campus 1205 Ash Street Georgetown 512-862-7339 SENIORSLIVINGSMARTER.COM/SEMINAR McKinney Christian Ministry Center - First Methodist Church Campus
Scan, call 512.989.1000 or email ads@communityimpact.com Promote your business:
27
GEORGETOWN EDITION
Powered by FlippingBook