You answered your own question, though - it truly does depend on the fraternity. I am an alum of Georgetown and there have been fraternities slowly added ever since AEPi in 2002 (I think there are four now). It seems to me that some groups are pop-ups and colonize quickly, but others could take a year and a half to two years from initial interest to chartering. Not only could it depend on the organizations themselves, but factors like whether you have enough committed guys, whether the school supports it, whether the campus culture supports you guys, etc.
Above all else, I hope that you are choosing the fraternity that is the right fit for your group and will offer you what you're looking for -- as well as a fraternity that you can be proud to serve as an undergraduate and as an alumnus. If it only takes a semester, that would be nice, but certainly shouldn't be the deciding factor.
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