City-owned Homes And Land in Georgetown, DE

Current Market Conditions in Georgetown, DE

The real estate market in Georgetown, DE has been experiencing steady growth over the past few years. Home values have appreciated as the area has become increasingly desirable due to its charming atmosphere and community-focused lifestyle. The current trend shows a mix of families looking to settle down and retirees seeking a peaceful environment, which has expanded housing demand in various price brackets.

While the market had initially slowed due to the economic uncertainties, it has rebounded strongly as of late, with homes often seeing multiple offers. The average time on the market has decreased, and there is a growing interest in new construction sales, indicative of a thriving housing landscape.

Rent Prices In Georgetown, DE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Georgetown, DE, is on a rollercoaster ride. The average rent price in Georgetown, DE, is $1,448.00. Indeed, when looking to rent in Georgetown, DE, you can expect to pay as little as $990.00 or as much as $2,940.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Georgetown, DE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.