The median price of a residence that sold in the Washington metro-area market in August was $341,900, according to data from Zillow.com. That’s more than double the national average, and an increase of 0.8 percent from July, the Washington Business Journal reported. Prices in the metro area are up 8.9 percent year-over-year.
Here in Georgetown, the grass is greener:
Currently, there are more 25 homes on the market with Georgetown addresses, according to the MLS.
The median sales price in August was $1,050,000, a 30 percent increase in median sale price over the same month a year ago, according to data from The Long & Foster Market Minute®. The average sales price has also been trending upwards.
The most expensive home on the market in Georgetown's 20007 Zip code is listed for $14,900,000 at 2507 Foxhall Rd. NW.