Columbia Heights is one of DC's fastest growing neighborhoods, so I decided to take a look at the numbers over the past five years. As you probably guessed, prices in the nabe continue to climb, and folks are paying top dollar for those coveted row houses and condos.
Back in 2010, the average row home sold for about $440,000 and a condo would run you about $363,000. Jump ahead five years, and you'll spend $743,000 for a row home and $500,000 for a condo in today's market.
From 2010-11, Sellers could expect their homes to sit on the market for over a month, but that quickly changed from 2012-present, where the median home sold in less than two weeks. Buyers should do their homework and work with a qualified agent before house hunting.
Columbia Heights has been a popular neighborhood for first-time homebuyers. It's proximity to Metro, abundance of restaurants/shops, and affordability has been a major draw. The average one bedroom condo used to sell in the low $300s, but we've seen a recent uptick this year with the average condo selling in the high $300s to the low $400s.