Why Live in Georgetown
Georgetown, a historic neighborhood in Washington, D.C., is renowned for its red-brick sidewalks, stately row houses, and high-end boutiques. Established in 1751, this 750-acre area along the Potomac River features Federal and Georgian architecture, with many homes boasting lavish gardens. The neighborhood is one of the most expensive in D.C., with median home prices nearing $1.5 million. Georgetown offers numerous parks and playgrounds, including Dumbarton Oaks Park, Montrose Park, and Volta Park Recreation Center. The C&O Canal path and Georgetown Waterfront Park provide ample opportunities for outdoor activities. M Street and Wisconsin Avenue are the main shopping and dining hubs, featuring a mix of chain stores, local boutiques, and notable eateries like Café Milano and Georgetown Cupcake. Cultural attractions include Blues Alley, the nation’s oldest jazz supper club, and seasonal events like Georgetown Sunset Cinema and Georgetown Glow. The neighborhood is served by highly rated schools such as Hyde-Addison Elementary and Hardy Middle School. Georgetown University, a prestigious institution, is also located here. Commuting can be challenging due to traffic and limited parking, with the nearest Metro station, Foggy Bottom-GWU, a 15-minute walk away. Despite these practical considerations, Georgetown remains a picturesque and vibrant community with a rich history and diverse attractions.
Home Trends in Georgetown, DC
On average, homes in Georgetown, Washington sell after 38 days on the market compared to the national average of 70 days. The median sale price for homes in Georgetown, Washington over the last 12 months is $317,000, down 25% from the median home sale price over the previous 12 months.
Median Sale Price
$317,000
Median Single Family Sale Price
$304,500
Median Townhouse Sale Price
$375,000
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$485,000
Average Price Per Sq Ft
$229
Number of Homes for Sale
9
Last 12 months Home Sales
185
Median List Price
$355,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-25%