Georgetown, Washington, DC Real Estate Market

The median sale price of $3,125,000 reflects strong demand at the upper end of the Georgetown market, giving luxury sellers notable pricing power. With homes sitting on the market for a median of 56 days, sellers should price strategically from the start to attract serious buyers without prolonged listing periods.

Buyers in Georgetown will find a wide range of entry points, from studios priced at $183,000 to larger homes reaching into the millions, with 2-bedroom units available at a median of $750,000. The current 30-year mortgage rate of 6% means buyers should carefully calculate affordability, especially given the neighborhood's median price per square foot of $721.32.

With a median rent of $2,900 and 217 rental units currently available, Georgetown offers a sizable rental market, though investors should closely evaluate yield potential against purchase prices that can reach well into the millions. Rental rates by bedroom range from $1,725 for studios up to $7,100 for 4-bedroom units, providing options across multiple investment strategies.

The current 30-year fixed mortgage rate stands at 6% and the 15-year fixed rate is at 5.43%, both of which meaningfully impact monthly carrying costs on Georgetown's high-priced properties. Buyers who can qualify for the 15-year term may find long-term interest savings worthwhile, though the higher monthly payments on luxury-priced homes require careful financial planning.