Is Catonsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$400,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Catonsville have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Catonsville was $400,000 in May 2024, up 6.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.4K | - | N/A |
| 2 Bedrooms | $257.5K | $299.9K | +16.5% |
| 3 Bedrooms | $345K | $355K | +2.9% |
| 4 Bedrooms | $437.5K | $450K | +2.9% |
| 5+ Bedrooms | $570K | $539.5K | -5.4% |
Summary: Catonsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Windsor Mill | $284K | $319K | +12.3% |
| Halethorpe | $279K | $310K | +11.1% |
| Gwynn Oak | $270K | $290K | +7.4% |
| Catonsville | $377K | $400K | +6.1% |
| Baltimore | $214.4K | $220K | +2.6% |
Housing Supply in Catonsville, MD
How many homes are available in Catonsville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 111 | +8.8% |
Summary: The Catonsville real estate market had 111 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 51 | 54 | +5.9% |
| 4 Bedrooms | 33 | 38 | +15.2% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Catonsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catonsville, you could pay more than the asking price. 78.9% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Catonsville in May 2024, the same as the previous month. Of the 38 sold homes, 11% were sold under asking, 11% were sold at asking, and 79% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 9 Days | -41.4% |
Summary: Homes in Catonsville had an average of 9 days on market in May 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
2 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 May 2024, 38 homes were sold in Catonsville; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
