Georgetown, MD Foreclosures
How much do homes sell for in Georgetown, MD?
The average home price is currently $514,599.
In Georgetown, MD, how many homes are available?
There are currently 176 active home listings available in Georgetown.
What’s the average rental cost in Georgetown, MD?
The average rental price in Georgetown is $1,504.
What is the most expensive home in Georgetown?
The most expensive home sold in Georgetown had a price of $1,921,605.
What is currently the cheapest priced home in Georgetown, MD?
The cheapest home for sale in Georgetown is priced at $112,951.
Living in Georgetown, MD
Georgetown, MD, is an historic and picturesque neighborhood characterized by its cobblestone streets, vibrant shopping, and dining scene. Its connection to the Potomac River allows for various outdoor activities, while the proximity to educational institutions adds to its appeal. With excellent transport links to downtown D.C., it's a desirable location for a diverse range of residents.
Current Market Conditions in Georgetown, MD
The real estate market in Georgetown is currently competitive, with homes frequently receiving multiple offers shortly after listing. The demand for properties remains high, driven by the desirability of the area due to its charm, amenities, and access to educational institutions. As of late 2023, an upward trend in home prices is evident, particularly for properties with historical significance or unique architecture, which are highly sought after.
In the past month, there has been a noticeable increase in the number of homes sold compared to the previous months, indicating heightened buyer interest. However, inventory remains relatively low, which continues to push prices upward. More families and young professionals are being drawn to the area as it offers both community and convenience.
Home Value Estimator For Georgetown, MD
There are currently 67 real estate properties
in Georgetown, MD,
with a median automated valuation model (AVM) price
of $363,078.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Georgetown, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Georgetown, MD,
is $514,599.00, with the most expensive house
in Georgetown, MD, topping out
at $1,921,605.00 and the cheapest home
in Georgetown, MD,
clocking in at $112,951.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Georgetown, MD!
Rent Prices
In Georgetown, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Georgetown, MD, is on
a rollercoaster ride. The
average rent price in Georgetown, MD,
is $1,504.00. Indeed, when looking to rent in
Georgetown, MD, you can expect to pay as little
as $960.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,460.00. The good news is that finding
an affordable and desirable property to rent in Georgetown, MD
-- 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.
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