Is Cascade, 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, Cascade has remained a Seller's Market.
Key Takeaway
Cascade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cascade, MD
How much do homes in Cascade, MD cost?
Median Sold Price
$215,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cascade have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Cascade was $215,000 in May 2024, up 1.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $183K | $220K | +20.2% |
| 3 Bedrooms | $225K | $212.5K | -5.6% |
| 4 Bedrooms | $289K | $149K | -48.4% |
| 5+ Bedrooms | - | $360K | N/A |
Summary: Cascade 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 20.2%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 48.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Washington Township | $230K | $246.5K | +7.2% |
| Cascade | $211.2K | $215K | +1.8% |
Housing Supply in Cascade, MD
How many homes are available in Cascade, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Cascade real estate market had 9 homes for sale in May 2024, a 28.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cascade 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cascade, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cascade in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Cascade, MD
How long does it take to sell a home in Cascade, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 8 Days | -65.5% |
Summary: Homes in Cascade had an average of 8 days on market in May 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cascade are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Cascade; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
