$4,988 Closing Credit*
$420,000
756 SqFt
1 Bed
•1 Full Bath
Kevin J Wood, 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 October 2023
At the same time last year, Columbia Heights was a Seller's Market.
Key Takeaway
Columbia Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Columbia Heights, DC
How much do homes in Columbia Heights, DC cost?
Median Sold Price
$635,000
$536/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-5.9%)
Key Takeaway
Homes in Columbia Heights have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Columbia Heights was $635,000 in October 2024, down 5.9% from last year, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381.9K | $362.5K | -5.1% |
| 2 Bedrooms | $640K | $575K | -10.2% |
| 3 Bedrooms | $800K | $821K | +2.6% |
| 4 Bedrooms | $1.0M | $1.1M | +9.1% |
| 5+ Bedrooms | $1.1M | $1.0M | -10.9% |
Summary: Columbia Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Park View | $780K | $750K | -3.8% |
| Columbia Heights / Park View | $722.5K | $685K | -5.2% |
| Columbia Heights | $675K | $635K | -5.9% |
| U Street Corridor | $722.5K | $634K | -12.2% |
Housing Supply in Columbia Heights, DC
How many homes are available in Columbia Heights, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 156 | +33.3% |
Summary: The Columbia Heights real estate market had 156 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 38 | +26.7% |
| 2 Bedrooms | 39 | 48 | +23.1% |
| 3 Bedrooms | 21 | 32 | +52.4% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 10 | 18 | +80.0% |
Summary: The Columbia Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 52.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 24 | +140.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 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. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Columbia Heights in October 2024, up by 140.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 40 Days | -9.2% |
Summary: Homes in Columbia Heights had an average of 40 days on market in Oct 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 24 homes were sold in Columbia Heights; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
