$2,957 Closing Credit*
$249,000
822 SqFt
1 Bed
•1 Full Bath
Brianna Goetting, Listing Office: Pearson Smith Realty, LLC
Is Catoctin, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$847,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,178(+6.4%)
Key Takeaway
Homes in Catoctin have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Catoctin was $847,000 in October 2024, up 6.4% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $310K | +8.8% |
| 2 Bedrooms | $451.2K | $435.9K | -3.4% |
| 3 Bedrooms | $621.5K | $649.9K | +4.6% |
| 4 Bedrooms | $842.4K | $891K | +5.8% |
| 5+ Bedrooms | $1.0M | $1.2M | +11.9% |
Summary: Catoctin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in Catoctin, VA
How many homes are available in Catoctin, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 187 | 205 | +9.6% |
Summary: The Catoctin real estate market had 205 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 67 | 74 | +10.4% |
| 5+ Bedrooms | 58 | 60 | +3.4% |
Summary: The Catoctin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 56 | -9.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catoctin, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 56 homes were sold or pending in Catoctin in October 2024, down by 9.7% month-over-month. Of the 56 sold homes, 32% were sold under asking, 38% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 23 Days | -22.1% |
Summary: Homes in Catoctin had an average of 23 days on market in Oct 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
8 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 October 2024, 56 homes were sold in Catoctin; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
