Is Catoctin, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Catoctin has remained a Seller's Market.
Key Takeaway
Catoctin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Catoctin, VA
How much do homes in Catoctin, VA cost?
Median Sold Price
$820,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Catoctin have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Catoctin was $820,000 in May 2024, up 3.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $301K | +7.5% |
| 2 Bedrooms | $395K | $476.2K | +20.6% |
| 3 Bedrooms | $576K | $630K | +9.4% |
| 4 Bedrooms | $861.1K | $843.3K | -2.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +11.3% |
Summary: Catoctin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in Catoctin, VA
How many homes are available in Catoctin, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 189 | 226 | +19.6% |
Summary: The Catoctin real estate market had 226 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 33 | 49 | +48.5% |
| 4 Bedrooms | 79 | 84 | +6.3% |
| 5+ Bedrooms | 62 | 76 | +22.6% |
Summary: The Catoctin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 48.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 42 | -31.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catoctin, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Catoctin in May 2024, down by 31.1% month-over-month. Of the 42 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for Catoctin, VA
How long does it take to sell a home in Catoctin, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 18 Days | -19.4% |
Summary: Homes in Catoctin had an average of 18 days on market in May 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Catoctin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Catoctin; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
