Is Columbia Heights / Park View, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Columbia Heights / Park View was a Seller's Market.
Key Takeaway
Columbia Heights / Park View is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Columbia Heights / Park View, DC
How much do homes in Columbia Heights / Park View, DC cost?
Median Sold Price
$718,000
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Columbia Heights / Park View have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Columbia Heights / Park View was $718,000 in April 2024, up 2.6% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $365.5K | -5.1% |
| 2 Bedrooms | $645K | $626K | -2.9% |
| 3 Bedrooms | $810K | $789.5K | -2.5% |
| 4 Bedrooms | $1.0M | $895K | -10.9% |
| 5+ Bedrooms | $1.0M | $1.0M | +8.0% |
Summary: Columbia Heights / Park View housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
| Columbia Heights / Park View | $699.5K | $718K | +2.6% |
| Park View | $745K | $759K | +1.9% |
| Columbia Heights | $670K | $667.5K | -0.4% |
| Pleasant Plains / LeDroit Park | $734.9K | $730.5K | -0.6% |
Housing Supply in Columbia Heights / Park View, DC
How many homes are available in Columbia Heights / Park View, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 150 | 206 | +37.3% |
Summary: The Columbia Heights / Park View real estate market had 206 homes for sale in April 2024, a 37.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 35 | +20.7% |
| 2 Bedrooms | 47 | 69 | +46.8% |
| 3 Bedrooms | 35 | 48 | +37.1% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The Columbia Heights / Park View housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 46.8%, 3 bedroom homes increased by 37.1%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 19 | -34.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Heights / Park View, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Columbia Heights / Park View in April 2024, down by 34.5% month-over-month. Of the 19 sold homes, 47% were sold under asking, 42% were sold at asking, and 11% were sold over asking.
Days on Market for Columbia Heights / Park View, DC
How long does it take to sell a home in Columbia Heights / Park View, DC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +19.6% |
Summary: Homes in Columbia Heights / Park View had an average of 34 days on market in Apr 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia Heights / Park View are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Columbia Heights / Park View; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
