Is Catoctin, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Catoctin was a Seller's Market.
Housing Prices in Catoctin, VA
How much do homes in Catoctin, VA cost?
Median Sold Price
$819,175
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Catoctin was $819,175 in February 2024, up 3.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $299.9K | +7.1% |
2 Bedrooms | $359K | $442.5K | +23.3% |
3 Bedrooms | $569.9K | $628.5K | +10.3% |
4 Bedrooms | $840K | $859.4K | +2.3% |
5+ Bedrooms | $1.1M | $1.1M | +3.2% |
Summary: Catoctin housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Catoctin, VA
How many homes are available in Catoctin, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
300 | 319 | +6.3% |
Summary: The Catoctin real estate market had 319 homes for sale in February 2024, a 6.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 67 | 70 | +4.5% |
4 Bedrooms | 114 | 121 | +6.1% |
5+ Bedrooms | 103 | 110 | +6.8% |
Summary: The Catoctin 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 16.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Catoctin in February 2024, the same as the previous month. Of the 30 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 25 Days | -29.8% |
Summary: Homes in Catoctin had an average of 25 days on market in Feb 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 30 homes were sold in Catoctin; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.