Is Catoctin, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Catoctin has remained a Seller's Market.
Key Takeaway
Catoctin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Catoctin, VA
How much do homes in Catoctin, VA cost?
Median Sold Price
$819,940
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Catoctin have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Catoctin was $819,940 in April 2024, up 2.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278K | $300K | +7.9% |
| 2 Bedrooms | $395K | $470K | +19.0% |
| 3 Bedrooms | $575K | $635K | +10.4% |
| 4 Bedrooms | $840K | $850K | +1.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +7.8% |
Summary: Catoctin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Catoctin, VA
How many homes are available in Catoctin, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 160 | 198 | +23.8% |
Summary: The Catoctin real estate market had 198 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 57 | 80 | +40.4% |
| 5+ Bedrooms | 56 | 71 | +26.8% |
Summary: The Catoctin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 61 | +22.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catoctin, you could pay more than the asking price. 52.5% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Catoctin in April 2024, up by 22.0% month-over-month. Of the 61 sold homes, 31% were sold under asking, 16% were sold at asking, and 52% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 22 Days | -10.3% |
Summary: Homes in Catoctin had an average of 22 days on market in Apr 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Catoctin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 61 homes were sold in Catoctin; 82% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
