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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catonsville is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Catonsville has remained a Seller's Market.

Key Takeaway

Catonsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Catonsville, MD

How much do homes in Catonsville, MD cost?

Median Sold Price

$395,300

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,400(+4.1%)

Key Takeaway

Homes in Catonsville have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Catonsville was $395,300 in March 2024, up 4.1% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $287.4K-
N/A
2 $254K$275K
+8.3%
3 $349.9K$350K
0.0%
4 $430K$445K
+3.5%
5+ $652.5K$530K
-18.8%

Summary: Catonsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Cities

Windsor Mill
+11.5%
Halethorpe
+6.9%
Gwynn Oak
+4.5%
Catonsville
+4.1%
Baltimore
+2.5%

Housing Supply in Catonsville, MD

How many homes are available in Catonsville, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
123141+14.6%

Summary: The Catonsville real estate market had 141 homes for sale in March 2024, a 14.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 5065
+30.0%
4 4142
+2.4%
5+ 2326
+13.0%

Summary: The Catonsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2129+38.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 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. 58.6% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Catonsville in March 2024, up by 38.1% month-over-month. Of the 29 sold homes, 21% were sold under asking, 21% were sold at asking, and 59% 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

Mar 2023Mar 2024CHANGE
26 Days17 Days-34.2%

Summary: Homes in Catonsville had an average of 17 days on market in Mar 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 March 2024, 29 homes were sold in Catonsville; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Catonsville, MD

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