Search listings and real estate market statistics for Georgetown, Washington DC.
The Georgetown housing market is moderately competitive. Last month, the median sale price for a home in Georgetown reached $1.4 million, reflecting a 28.7% increase from the previous year. However, the median sale price per square foot decreased by 7.7%, now standing at $681.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In October 2024, Georgetown experienced a notable surge in home prices, with the median price climbing 28.7% year-over-year to $1.4 million. This significant growth underscores the strong demand for properties in the area. Homes sold faster as well, spending an average of just 32 days on the market compared to 46 days last year, reflecting heightened buyer interest and competition. Additionally, the number of homes sold increased to 56 this October, up from 44 in the same period last year, further emphasizing the market's momentum. Georgetown's thriving real estate market is likely driven by its desirable location, vibrant community, and a strong economy attracting both local and out-of-town buyers.
The Georgetown housing market is somewhat competitive, with homes typically selling in an average of 23.5 days. While most properties sell for about 2% below the list price and go pending within 24 days, highly sought-after "hot" homes stand out. These premium properties, often due to their location, features, or pricing, can sell at or near the list price and go pending in as little as 6 days. This dynamic reflects a market where motivated buyers are quick to act on desirable homes, while others may allow for modest negotiation. Georgetown’s balance of competition and opportunity makes it an attractive yet manageable market for both buyers and sellers.
In October 2024, Georgetown was a balanced market, indicating that the supply of homes for sale was roughly in line with buyer demand. This equilibrium creates a stable environment where neither buyers nor sellers hold a significant advantage. While homes generally sell within a reasonable timeframe, the balance allows for fair negotiations and pricing that reflects market conditions. This makes Georgetown an appealing area for those seeking a steady, predictable real estate market without the extremes of a buyer’s or seller’s market.
For detailed, up-to-date information on selling a property in Georgetown, Washington DC, including legal considerations and market trends, you can talk to us.
Georgetown is known for its historic charm, cobblestone streets, and proximity to the Potomac River. The neighborhood boasts a vibrant mix of boutique shopping, fine dining, and cultural attractions, including the Georgetown Waterfront Park and C&O Canal. It also offers excellent schools, making it attractive to families, and is well-connected to downtown D.C. via public transport. This combination of history, luxury, and convenience makes it a top choice for buyers seeking a sophisticated urban lifestyle.
Georgetown offers a mix of historic row houses, Federal-style townhomes, and modern luxury condominiums. Many homes date back to the 18th and 19th centuries, often featuring preserved architectural details and updates for modern living. Buyers can also find waterfront properties and smaller apartments that cater to young professionals or those looking for second homes. The variety allows buyers to choose between historic charm and contemporary convenience.
Parking in Georgetown can be challenging due to its narrow streets and historic layout. Many homes come with limited or no private parking, so buyers should consider properties with designated parking spaces if they own a car. Public transportation is accessible, with Metrobus routes and nearby Metro stations like Foggy Bottom and Rosslyn. Georgetown is also highly walkable and bike-friendly, making it easy for residents to navigate the neighborhood without a car.
Buyers in Georgetown often prioritize historic charm, well-maintained interiors, and modern amenities. Features like updated kitchens and bathrooms, outdoor spaces, and energy-efficient upgrades can make a property stand out. Proximity to attractions like the waterfront, shopping streets, and schools is also a major draw for buyers. Highlighting these features in your listing can help attract more interest.
For sellers of historic homes, maintaining the property’s original character while ensuring modern functionality is key. Address any structural or cosmetic issues, such as roof repairs or fresh paint, to make the home appealing to buyers. Consider obtaining a pre-listing home inspection to address potential concerns proactively. Staging the home with furnishings that complement its historic architecture can also enhance its marketability.
In a neighborhood like Georgetown, where architecture and aesthetics are paramount, curb appeal plays a significant role in attracting buyers. Sellers should focus on maintaining the exterior of the home, including landscaping, repairing fences, and ensuring the facade reflects the home’s historic charm. Small touches like adding fresh flowers, cleaning pathways, and polishing entryway details can make a strong first impression and increase buyer interest.
Looking to make Georgetown, Washington, D.C., your next home? Whether you have questions about the neighborhood, need expert guidance, or are ready to start your property search, we’re here to help. With our deep knowledge of Georgetown and personalized approach, we’ll make your journey seamless and stress-free. Don’t wait—get in touch with us today and take the first step toward your Georgetown home!
Discover the charm and sophistication of Georgetown, Washington, D.C., with our detailed neighborhood guide. From historic homes and scenic waterfronts to vibrant dining and shopping options, Georgetown offers something for everyone. Dive into our guide to learn more about the lifestyle, amenities, and opportunities that make this iconic neighborhood a top choice for homebuyers. Start exploring now and find out why Georgetown could be the perfect place for you!
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