Is Catonsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.4K | - | N/A |
| 2 Bedrooms | $254K | $275K | +8.3% |
| 3 Bedrooms | $349.9K | $350K | 0.0% |
| 4 Bedrooms | $430K | $445K | +3.5% |
| 5+ Bedrooms | $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 | $280K | $312.2K | +11.5% |
| Halethorpe | $280.7K | $300K | +6.9% |
| Gwynn Oak | $277.5K | $289.9K | +4.5% |
| Catonsville | $379.9K | $395.3K | +4.1% |
| Baltimore | $214.6K | $219.9K | +2.5% |
Housing Supply in Catonsville, MD
How many homes are available in Catonsville, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 141 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 50 | 65 | +30.0% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 23 | 26 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 17 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
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.
