Is Catoctin, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catoctin is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Catoctin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$25,875(+3.3%)

Key Takeaway

Homes in Catoctin have sold for 3.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $280K$299.9K
+7.1%
2 $359K$442.5K
+23.3%
3 $569.9K$628.5K
+10.3%
4 $840K$859.4K
+2.3%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Leesburg
+23.7%
Broad Run
+9.9%
Catoctin
+3.3%

Housing Supply in Catoctin, VA

How many homes are available in Catoctin, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
300319+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

# BEDSJan 2024Feb 2024CHANGE
1 44
0.0%
2 1214
+16.7%
3 6770
+4.5%
4 114121
+6.1%
5+ 103110
+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 2024Feb 2024CHANGE
30300.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catoctin, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
35 Days25 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Catoctin, VA

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