Home | Newsletter | Advertise

Eclipsing $2 Million: The Georgetown Housing Market, By The Numbers

  • April 29th 2024

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

2900-K.jpg
A Georgetown condo that sold just before the end of the year.

With the spring housing market in full swing, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today we head over to Georgetown.

A regular inclusion as one of DC's most expensive housing markets, Georgetown remains in that category in 2024. The average home price this year is $2.055 million, up 21% compared to the first three months of 2023. Whether its an increase in prices or a smaller supply of homes on the market, sales are down about 10% in the neighborhood, in line with a drop in sales seen around the rest of the city. Cash sales, however, remain prevalent, accounting for 6 in 10 transactions in 2024.

Below are some additional statistics we picked out about the Georgetown market. 

  • 39 -- The number of sales in Georgetown this year, down 10% compared to last year.
  • 61% -- The proportion of all-cash home sales this year. 
  • 33% -- The percentage of homes to sell in 10 days or less in 2024. 
  • $837 -- The median price per square foot in 2024, up 14% compared to last March.

Photo courtesy of Sean Shanahan. 

This article originally published at https://dc.urbanturf.com/articles/blog/eclipsing_2_million_the_georgetown_housing_market_by_the_numbers/22243.

Pipeline: New Condos & Apartments Coming to the DC Area

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse