Is Baltimore, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Baltimore has remained a Seller's Market.
Housing Prices in Baltimore, MD
How much do homes in Baltimore, MD cost?
Median Sold Price
$220,177
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Baltimore was $220,177 in June 2024, up 2.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $165K | +3.1% |
2 Bedrooms | $197.3K | $199.8K | +1.2% |
3 Bedrooms | $199.9K | $199.7K | -0.1% |
4 Bedrooms | $269.4K | $275.2K | +2.2% |
5+ Bedrooms | $350.2K | $364.2K | +4.0% |
Summary: Baltimore housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Brooklyn | $192.1K | $220.7K | +14.9% |
Halethorpe | $279.4K | $310K | +10.9% |
Gwynn Oak | $275.6K | $290.3K | +5.3% |
Dundalk | $214.8K | $225K | +4.7% |
Baltimore | $215K | $220.1K | +2.4% |
Housing Supply in Baltimore, MD
How many homes are available in Baltimore, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3,413 | 3,479 | +1.9% |
Summary: The Baltimore real estate market had 3,479 homes for sale in June 2024, a 1.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 86 | 84 | -2.3% |
2 Bedrooms | 704 | 705 | 0.1% |
3 Bedrooms | 1,631 | 1,678 | +2.9% |
4 Bedrooms | 689 | 705 | +2.3% |
5+ Bedrooms | 303 | 307 | +1.3% |
Summary: The Baltimore housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
837 | 584 | -30.2% |
Asking Price vs. Sold Price
176 Homes Were Sold
Under Asking
131 Homes Were Sold
At Asking
277 Homes Were Sold
Over Asking
Summary: A total of 584 homes were sold or pending in Baltimore in June 2024, down by 30.2% month-over-month. Of the 584 sold homes, 30% were sold under asking, 22% were sold at asking, and 47% were sold over asking.
Days on Market for Baltimore, MD
How long does it take to sell a home in Baltimore, MD?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | +1.4% |
Summary: Homes in Baltimore had an average of 31 days on market in Jun 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
413 Homes Were Sold
Under 30 Days
124 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Summary: During June 2024, 584 homes were sold in Baltimore; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.