COLUMBIA HEIGHTS AND MT. PLEASANT HOUSING MARKET DATA

There was an increase in total units sold in February, with 18 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 14 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 5% versus February 2024.

Versus last year, the total number of homes available this month is higher by 20 units or 22%. The total number of active inventory this February was 113 compared to 93 in February 2024. This month's total of 113 is higher than the previous month's total supply of available inventory of 105, an increase of 8%.

Last February, the median sale price for Columbia Heights and Mt. Pleasant Homes was $760,000. This February, the median sale price was $842,500, an increase of 11% or $82,500 compared to last year. The current median sold price is 10% higher than in January.

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

In February, there was 6.3 months of supply available in Columbia Heights and Mt. Pleasant, compared to 4.9 in February 2024. That is an increase of 28% 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 51 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 43 in February 2024, an increase of 19%. There were 20 current contracts pending sale this February compared to 19 a year ago. The number of current contracts is 5% higher than last February.

In February, the average sale price in Columbia Heights and Mt. Pleasant was 99.8% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 57, lower than the average last year, which was 67, a decrease of 15%.





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

Zip Code(s): 20010
Units Sold 18	Active Inventory 113	Median Sale Price $842,500	Days On Market 57

Down -5% Vs. Year Ago	Up 22% Vs. Year Ago	Up 11% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 18 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 14 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 5% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 20 units or 22%. The total number of active inventory this February was 113 compared to 93 in February 2024. This month's total of 113 is higher than the previous month's total supply of available inventory of 105, an increase of 8%.
		Median Sale Price Last February, the median sale price for Columbia Heights and Mt. Pleasant Homes was $760,000. This February, the median sale price was $842,500, an increase of 11% or $82,500 compared to last year. The current median sold price is 10% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 51	Current Contracts 20	Sold Vs. List Price 99.8%	Months of Supply 6.3

Up 19% Vs. Year Ago	Up 5% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In February, there was 6.3 months of supply available in Columbia Heights and Mt. Pleasant, compared to 4.9 in February 2024. That is an increase of 28% 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 51 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 43 in February 2024, an increase of 19%. There were 20 current contracts pending sale this February compared to 19 a year ago. The number of current contracts is 5% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Columbia Heights and Mt. Pleasant was 99.8% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 57, lower than the average last year, which was 67, a decrease 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.