Home | Newsletter | Advertise

Still One of DC's Priciest: The Georgetown Market, By the Numbers

  • April 18th 2022

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A Georgetown home that sold earlier this year.

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

Perennially one of DC's most expensive housing markets, Georgetown remains in that category in 2022, as home prices have gone up significantly compared to last year. The average home price in 2022 is $2.135 million, up 25% compared to the first three months of 2021. Despite the increase in prices, sales are up slightly compared to the first quarter of last year. Cash sales are still prevalent representing 43% of sales in the neighborhood this year. 

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

  • $2.135 million -- The average sales price of a home in Georgetown so far in 2022.
  • 18 -- The median number of days that homes are spending on the market, down 44% compared to last year. 
  • 43% -- The proportion of all-cash home sales this year. 
  • 1.8 months -- The supply of homes for sale in March, down 10% compared to last year.
  • $817 -- The median price per square foot in 2022, up 9% compared to last March.

Photo courtesy of HomeVisit.

This article originally published at https://dc.urbanturf.com/articles/blog/still-one-of-dcs-priciest-the-georgetown-market-by-the-numbers/19532.

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