Is Columbia Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Columbia Heights has remained a Buyer's Market.
Housing Prices in Columbia Heights, DC
How much do homes in Columbia Heights, DC cost?
Median Sold Price
$678,000
$569/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Columbia Heights was $678,000 in February 2024, down 3.1% from last year, and the median price per square foot was $569.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $371K | -12.7% |
2 Bedrooms | $639K | $635K | -0.6% |
3 Bedrooms | $855K | $844.9K | -1.2% |
4 Bedrooms | $1.1M | $962.5K | -14.4% |
5+ Bedrooms | $1.0M | $1.2M | +16.9% |
Summary: Columbia Heights housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Neighborhoods
Park View | $710K | $775K | +9.2% |
Columbia Heights / Park View | $705.9K | $733K | +3.8% |
Columbia Heights | $699.5K | $678K | -3.1% |
Pleasant Plains | $744.5K | $717.5K | -3.6% |
U Street Corridor | $765K | $722.5K | -5.6% |
Housing Supply in Columbia Heights, DC
How many homes are available in Columbia Heights, DC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
362 | 387 | +6.9% |
Summary: The Columbia Heights real estate market had 387 homes for sale in February 2024, a 6.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 83 | 88 | +6.0% |
2 Bedrooms | 127 | 140 | +10.2% |
3 Bedrooms | 65 | 67 | +3.1% |
4 Bedrooms | 35 | 40 | +14.3% |
5+ Bedrooms | 52 | 52 | 0.0% |
Summary: The Columbia Heights housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Columbia Heights in February 2024, up by 50.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Columbia Heights, DC
How long does it take to sell a home in Columbia Heights, DC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 72 Days | +90.1% |
Summary: Homes in Columbia Heights had an average of 72 days on market in Feb 2024, up by 90.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Columbia Heights; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.