Georgetown, Delaware Real Estate

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Georgetown, Delaware Area Information

Located in what some locals call "Delaware's Dixie," in Sussex County, Georgetown, Delaware is a quaint small town of 5,200 residents. Residents experience a small town lifestyle but are not disconnected from the booming metropolitan areas of Baltimore and Philadelphia. Residents of Georgetown enjoy mild summers, some brisk winter temperatures, and higher than average rainfall.

"The Circle" is Georgetown's center and is part of the National Historic Record. The highlight of The Center is the Greek inspired red brick courthouse that has stood since 1839. The courthouse was restored in 1976 and is now the headquarters of the Georgetown Historical Society. "The Circle's" layout is reminiscent to Annapolis, Maryland, but instead of the state house being the primary focus, Georgetown residents and visitors are able to enjoy a small park and fountain in the town's center. Georgetown is also well-known for their Return Day celebration held every two years on the Thursday following the November General Election where Georgetown hosts a parade with a reading of election tallies, and the popular "burying of the hatchet."

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Georgetown, DE Real Estate Market - Prices of Georgetown Homes for Sale

Georgetown has seen its population increase of over 12% since 2000. A contributing factor to this is the opportunity to live in affordable housing with a taste of history. A large majority of Georgetown homes for sale were constructed prior to 1960; with many of those dating back prior to 1939.

As of 2007, the mean price for a detached home in Georgetown is $255,000, which is somewhat lower than the state average. Larger homes are the theme in Georgetown as nearly 75% of them have at least three bedrooms or more. Current prices for single-family homes in Georgetown run from $110,000 to over $1.5 million. Listings for townhouses and condominiums are also available throughout Georgetown, with prices starting from $102,000 to $350,000.

Interested in Georgetown, Delaware real estate?Use our Georgetown, DE real estate buyer and seller tools to find the latest information on the housing market, neighborhoods and trends. Narrow your property search by price, number of bedrooms, recent Georgetown, DE foreclosures, and check your home's value. Whether you are looking for homes for sale in Georgetown or a top Realtor, our Georgetown, DE real estate community profile provides helpful resources for your home search needs. You can also view a complete list of Georgetown, DE homes for sale.

Georgetown Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $277,495 compared to $277,495 the previous week, to remain steady with no change in listing price.  For Friday, April 17th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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