$10,000 Closing Credit*
$969,900
2,388 SqFt
4 Beds
•2 Full Baths, 1 Partial
Katherine Krevor, Listing Office: RLAH @properties
Is Columbia Heights, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$630,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$50,000(-7.4%)
Key Takeaway
Homes in Columbia Heights have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Columbia Heights was $630,000 in November 2024, down 7.4% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.4K | $347.5K | -7.9% |
| 2 Bedrooms | $659.9K | $540K | -18.2% |
| 3 Bedrooms | $828K | $846.9K | +2.3% |
| 4 Bedrooms | $1.0M | $1.0M | +6.7% |
| 5+ Bedrooms | $1.1M | $1.0M | -11.6% |
Summary: Columbia Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Park View | $775K | $750K | -3.2% |
| Columbia Heights / Park View | $727.5K | $687.7K | -5.5% |
| Columbia Heights | $680K | $630K | -7.4% |
| U Street Corridor | $722.5K | $650K | -10.0% |
Housing Supply in Columbia Heights, DC
How many homes are available in Columbia Heights, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 143 | +14.4% |
Summary: The Columbia Heights real estate market had 143 homes for sale in November 2024, a 14.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 33 | +13.8% |
| 2 Bedrooms | 41 | 48 | +17.1% |
| 3 Bedrooms | 28 | 33 | +17.9% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Columbia Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 10 | -60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Columbia Heights in November 2024, down by 60.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 41 Days | -3.3% |
Summary: Homes in Columbia Heights had an average of 41 days on market in Nov 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
5 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 November 2024, 10 homes were sold in Columbia Heights; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
