$9,678 Closing Credit*
$815,000
832 SqFt
2 Beds
•2 Full Baths
Shannon M OFarrell, Listing Office: Compass
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 October 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
$685,000
$505/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$37,500(-5.2%)
Key Takeaway
Homes in Columbia Heights / Park View have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Columbia Heights / Park View was $685,000 in October 2024, down 5.2% from last year, and the median price per square foot was $505.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.4K | $360K | -4.6% |
| 2 Bedrooms | $635K | $575K | -9.4% |
| 3 Bedrooms | $781.8K | $799.9K | +2.3% |
| 4 Bedrooms | $920K | $880K | -4.3% |
| 5+ Bedrooms | $1.1M | $1.0M | -8.2% |
Summary: Columbia Heights / Park View housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 8.2%.
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% |
| Pleasant Plains / LeDroit Park | $738.1K | $657.5K | -10.9% |
Housing Supply in Columbia Heights / Park View, DC
How many homes are available in Columbia Heights / Park View, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 178 | 226 | +27.0% |
Summary: The Columbia Heights / Park View real estate market had 226 homes for sale in October 2024, a 27.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 49 | +16.7% |
| 2 Bedrooms | 51 | 64 | +25.5% |
| 3 Bedrooms | 41 | 52 | +26.8% |
| 4 Bedrooms | 28 | 36 | +28.6% |
| 5+ Bedrooms | 16 | 25 | +56.3% |
Summary: The Columbia Heights / Park View housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 56.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 30 | +87.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 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. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Columbia Heights / Park View in October 2024, up by 87.5% month-over-month. Of the 30 sold homes, 43% were sold under asking, 23% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +22.5% |
Summary: Homes in Columbia Heights / Park View had an average of 38 days on market in Oct 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 30 homes were sold in Columbia Heights / Park View; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
