Is Columbia Heights, 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 was a Seller'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
$667,500
$577/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Columbia Heights has remained the same since last year.
Summary: The median home sold price in Columbia Heights was $667,500 in April 2024, down 0.4% from last year, and the median price per square foot was $577.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407.4K | $365.5K | -10.3% |
| 2 Bedrooms | $652.5K | $625K | -4.2% |
| 3 Bedrooms | $810K | $875K | +8.0% |
| 4 Bedrooms | $1.0M | $1.0M | -3.8% |
| 5+ Bedrooms | $1.1M | $1.2M | +11.0% |
Summary: Columbia Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 11%.
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% |
| U Street Corridor | $795K | $654K | -17.7% |
Housing Supply in Columbia Heights, DC
How many homes are available in Columbia Heights, DC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 139 | +39.0% |
Summary: The Columbia Heights real estate market had 139 homes for sale in April 2024, a 39.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 28 | +12.0% |
| 2 Bedrooms | 34 | 48 | +41.2% |
| 3 Bedrooms | 17 | 28 | +64.7% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Columbia Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 64.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 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. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Columbia Heights in April 2024, down by 31.6% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -2.6% |
Summary: Homes in Columbia Heights had an average of 32 days on market in Apr 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Columbia Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Columbia Heights; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
