Is Catonsville, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catonsville is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Catonsville was a Seller's Market.

Key Takeaway

Catonsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Catonsville, MD

How much do homes in Catonsville, MD cost?

Median Sold Price

$395,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+2.6%)

Key Takeaway

Homes in Catonsville have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Catonsville was $395,000 in February 2024, up 2.6% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $287.4K-
N/A
2 $257.5K$275K
+6.8%
3 $350K$345.6K
-1.2%
4 $441K$445K
+0.9%
5+ $669.7K$530K
-20.9%

Summary: Catonsville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 20.9%.

Median Sold Price Compared To Nearby Cities

Windsor Mill
+10.2%
Halethorpe
+7.4%
Gwynn Oak
+3.1%
Catonsville
+2.6%
Baltimore
+1.2%

Housing Supply in Catonsville, MD

How many homes are available in Catonsville, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
114120+5.3%

Summary: The Catonsville real estate market had 120 homes for sale in February 2024, a 5.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 4649
+6.5%
4 4139
-4.9%
5+ 1923
+21.1%

Summary: The Catonsville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2920-31.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catonsville, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Catonsville in February 2024, down by 31.0% month-over-month. Of the 20 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.

Days on Market for Catonsville, MD

How long does it take to sell a home in Catonsville, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
17 Days31 Days+86.5%

Summary: Homes in Catonsville had an average of 31 days on market in Feb 2024, up by 86.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Catonsville are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 20 homes were sold in Catonsville; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Catonsville, MD

Nearby Markets to Catonsville, MD

What housing markets are near Catonsville, MD?