COLUMBIA HEIGHTS AND MT. PLEASANT HOUSING MARKET DATA

There was an increase in total units sold in March, with 19 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 18 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 17% versus March 2024.

Versus last year, the total number of homes available this month is higher by 32 units or 32%. The total number of active inventory this March was 133 compared to 101 in March 2024. This month's total of 133 is higher than the previous month's total supply of available inventory of 128, an increase of 4%.

Last March, the median sale price for Columbia Heights and Mt. Pleasant Homes was $730,000. This March, the median sale price was $890,000, an increase of 22% or $160,000 compared to last year. The current median sold price is 6% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 7.0 months of supply available in Columbia Heights and Mt. Pleasant, compared to 4.4 in March 2024. That is an increase of 59% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 54 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 59 in March 2024, a decrease of 8%. There were 19 current contracts pending sale this March compared to 23 a year ago. The number of current contracts remained stable as compared to last March.

In March, the average sale price in Columbia Heights and Mt. Pleasant was 99.6% of the average list price, which is 3.6% lower than at this time last year.

This month, the average number of days on market was 46, higher than the average last year, which was 40, an increase of 15%.





FOCUS ON: COLUMBIA HEIGHTS AND MT. PLEASANT HOUSING MARKET			MARCH 2025

Zip Code(s): 20010
Units Sold 19	Active Inventory 133	Median Sale Price $890,000	Days On Market 46

Down -17% Vs. Year Ago	Up 32% Vs. Year Ago	Up 22% Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 19 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 18 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 17% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 32 units or 32%. The total number of active inventory this March was 133 compared to 101 in March 2024. This month's total of 133 is higher than the previous month's total supply of available inventory of 128, an increase of 4%.
		Median Sale Price Last March, the median sale price for Columbia Heights and Mt. Pleasant Homes was $730,000. This March, the median sale price was $890,000, an increase of 22% or $160,000 compared to last year. The current median sold price is 6% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 54	Current Contracts 19	Sold Vs. List Price 99.6%	Months of Supply 7.0

Down -8% Vs. Year Ago	Down -17% Vs. Year Ago	Down -3.5% Vs. Year Ago	Up 59% Vs. Year Ago


		Months of Supply In March, there was 7.0 months of supply available in Columbia Heights and Mt. Pleasant, compared to 4.4 in March 2024. That is an increase of 59% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 54 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 59 in March 2024, a decrease of 8%. There were 19 current contracts pending sale this March compared to 23 a year ago. The number of current contracts remained stable as compared to last March.
		Sale Price to List Price Ratio In March, the average sale price in Columbia Heights and Mt. Pleasant was 99.6% of the average list price, which is 3.6% lower than at this time last year. Days on Market This month, the average number of days on market was 46, higher than the average last year, which was 40, an increase of 15%.


	Columbia Heights and Mt. Pleasant are defined as properties in zip code 20010.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.