Compare Listings

Georgetown DC Real Estate Market Report

This is the latest Georgetown DC real estate market report for the third quarter of 2017. There was a significant boost in activity in the Georgetown condo market in the third quarter of 2017. A total of 25 condo units were sold compared to 13 units sold in the third quarter last year. The average sales price increased to $714,056 from $594,338 compared to this time last year while the average days on market remained nearly the same with most properties being on the market around 52 days.

Prices softened a bit for single family homes in Georgetown but more units were traded with fewer days on market. 41 Georgetown homes were sold during the third quarter compared to 36 homes in the same quarter last year and things sold more quickly with days on market declining from 52 to 36 days. The average sales price fell by 1.6% or $211,000 to $1.768 million from $1.979 million in the same quarter last year.

The strongest segment of the Georgetown DC real estate market appears to be the 4 bedroom row house priced between $1M and $2.5M. Of the 155 total properties sold, 30 of the transactions were in this category.  The three bedroom row house is the second strongest segment with 23 transactions priced between $1M and $2.5 Million.  The third most active category with 13 transactions is comprised of condos priced between $600K to $800K. The average sales price among all properties year over year is up approximately 17% or $139,000 to $1.655 million this year compared to $1.416 million last year.

If you are a seller and have a 3 or 4 bedroom row home in the $1M to $2.5 Million price range the market is active and there is an opportunity to achieve a great sales price. If you are a buyer looking in the $1M to $2.5 Million range there may be other buyers looking at the same property you are; be ready to make a serious offer in a timely fashion.

 

For additional market statistics check out the Sotheby’s Market Report.

~Melanie

Overview - Last 30 days

Median Price - Last 6 Months *
Sale-to-List Price - Last 6 Months
Median Days on Site - Last 6 Months *
Listing Inventory - Last 6 months *
* Data on active listings begins accruing at report creation. History will grow over time.

Sold Listings - Last 30 DaysView all sold listings

4
Beds
3 | 1
Baths
N/A
SqFt
 
 
#DC10112394 | Single Family Home
 
4
Beds
2 | 2
Baths
N/A
SqFt
 
 
#DC10078192 | Single Family Home
 

New Listings - Last 30 DaysView all active listings

7
Beds
5 | 1
Baths
5,480
SqFt
 
 
#DC10151550 | Single Family Home
 
4
Beds
3 | 1
Baths
3,465
SqFt
 
 
#DC10139522 | Single Family Home
 
5
Beds
3 | 1
Baths
3,570
SqFt
 
 
#DC10158148 | Single Family Home
 
© 2018 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Melanie Hayes participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Melanie Hayes are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
MRIS (Bright MLS) data last updated at February 18, 2018 9:16 PM ET