$4,691 Closing Credit*
$395,000
756 SqFt
1 Bed
•1 Full Bath
Kara J Ellis, Listing Office: Taylor Properties
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 November 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
$687,734
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$39,765(-5.5%)
Key Takeaway
Homes in Columbia Heights / Park View have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Columbia Heights / Park View was $687,734 in November 2024, down 5.5% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $346.2K | -7.7% |
| 2 Bedrooms | $645K | $560K | -13.2% |
| 3 Bedrooms | $780K | $800K | +2.6% |
| 4 Bedrooms | $915K | $880K | -3.8% |
| 5+ Bedrooms | $1.1M | $1.0M | -8.4% |
Summary: Columbia Heights / Park View housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 8.4%.
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% |
Housing Supply in Columbia Heights / Park View, DC
How many homes are available in Columbia Heights / Park View, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 203 | +12.8% |
Summary: The Columbia Heights / Park View real estate market had 203 homes for sale in November 2024, a 12.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 41 | +13.9% |
| 2 Bedrooms | 53 | 61 | +15.1% |
| 3 Bedrooms | 45 | 54 | +20.0% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Columbia Heights / Park View housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 18 | -43.8% |
Asking Price vs. Sold Price
14 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 / Park View, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Columbia Heights / Park View in November 2024, down by 43.8% month-over-month. Of the 18 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 52 Days | +48.0% |
Summary: Homes in Columbia Heights / Park View had an average of 52 days on market in Nov 2024, up by 48% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 18 homes were sold in Columbia Heights / Park View; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
