Is Columbia Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Columbia Heights has remained a Buyer's Market.
Key Takeaway
Columbia Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Columbia Heights, DC
How much do homes in Columbia Heights, DC cost?
Median Sold Price
$654,950
$578/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Columbia Heights have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Columbia Heights was $654,950 in March 2024, down 6.2% from last year, and the median price per square foot was $578.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $371K | -7.2% |
| 2 Bedrooms | $650K | $627K | -3.5% |
| 3 Bedrooms | $821.2K | $862.5K | +5.0% |
| 4 Bedrooms | $1.1M | $1.0M | -6.7% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.7% |
Summary: Columbia Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Park View | $709.2K | $775K | +9.3% |
| Columbia Heights / Park View | $700K | $725K | +3.6% |
| Columbia Heights | $698.5K | $654.9K | -6.2% |
| U Street Corridor | $795K | $717.5K | -9.7% |
Housing Supply in Columbia Heights, DC
How many homes are available in Columbia Heights, DC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 387 | 413 | +6.7% |
Summary: The Columbia Heights real estate market had 413 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 88 | 96 | +9.1% |
| 2 Bedrooms | 141 | 150 | +6.4% |
| 3 Bedrooms | 66 | 70 | +6.1% |
| 4 Bedrooms | 40 | 46 | +15.0% |
| 5+ Bedrooms | 52 | 51 | -1.9% |
Summary: The Columbia Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Heights, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Columbia Heights in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 41% were sold at asking, and 12% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 71 Days | +136.7% |
Summary: Homes in Columbia Heights had an average of 71 days on market in Mar 2024, up by 136.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Columbia Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Columbia Heights; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
