$10,000 Closing Credit*
$1,995,000
2,624 SqFt
4 Beds
•3 Full Baths
Heidi E Hatfield, Listing Office: Washington Fine Properties, LLC
Is Georgetown, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Georgetown was a Seller's Market.
Key Takeaway
Georgetown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Georgetown, DC
How much do homes in Georgetown, DC cost?
Median Sold Price
$1,600,000
$915/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$127,500(+8.7%)
Key Takeaway
Homes in Georgetown have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Georgetown was $1,600,000 in November 2024, up 8.7% from last year, and the median price per square foot was $915.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $549K | +2.6% |
| 2 Bedrooms | $949K | $1.1M | +21.2% |
| 3 Bedrooms | $1.8M | $1.8M | -0.4% |
| 4 Bedrooms | $2.9M | $3.0M | +2.7% |
| 5+ Bedrooms | $3.2M | $3.2M | +1.5% |
Summary: Georgetown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East Village | $1.2M | $1.4M | +18.3% |
| Georgetown | $1.4M | $1.6M | +8.7% |
| West Village | $1.7M | $1.7M | +0.7% |
| West End | $950K | $782.5K | -17.6% |
Housing Supply in Georgetown, DC
How many homes are available in Georgetown, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 86 | +6.2% |
Summary: The Georgetown real estate market had 86 homes for sale in November 2024, a 6.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Georgetown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Georgetown, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Georgetown in November 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Georgetown, DC
How long does it take to sell a home in Georgetown, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 52 Days | +33.1% |
Summary: Homes in Georgetown had an average of 52 days on market in Nov 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Georgetown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Georgetown; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
