Columbia Heights is now one of DC’s priciest housing markets

WASHINGTON — The Mount Pleasant and Columbia Heights neighborhoods were once among Northwest D.C.’s most affordable neighborhoods — but that is no longer the case.

In April, the Mount Pleasant-Columbia Heights neighborhood, which straddles the blocks east and west of 16th Street NW north of Florida Avenue, clocked in as the third-most expensive address in the District, behind only Georgetown and Chevy Chase.

The median price of a house or a condo sold in Mount Pleasant and Columbia Heights neighborhood was $703,000, according to Long & Foster Inc. — and buyers are gobbling up what’s on the market. The number of active listings in the neighborhood last month was down 33 percent from a year ago.

And what sold last month, sold for an average 101 percent of the list price.

Georgetown retains its title as D.C.’s most expensive neighborhood, with a median selling price in April of just over $1 million. The median selling price in Chevy Chase D.C. last month was $975,000.

Districtwide, Long & Foster said the median price for the 697 residential properties that sold in April was $520,000, down 1 percent from a year earlier.

Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up