Is Baltimore, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Baltimore has remained a Buyer's Market.
Housing Prices in Baltimore, MD
How much do homes in Baltimore, MD cost?
Median Sold Price
$219,676
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Baltimore was $219,676 in February 2024, up 1.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $160K | 0.0% |
2 Bedrooms | $204.5K | $197.4K | -3.5% |
3 Bedrooms | $200K | $200K | 0% |
4 Bedrooms | $269K | $273.9K | +1.8% |
5+ Bedrooms | $350K | $368.9K | +5.4% |
Summary: Baltimore housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Halethorpe | $279.4K | $300K | +7.4% |
Brooklyn | $195K | $204.3K | +4.8% |
Dundalk | $213K | $220K | +3.3% |
Gwynn Oak | $277.5K | $286K | +3.1% |
Baltimore | $217K | $219.6K | +1.2% |
Housing Supply in Baltimore, MD
How many homes are available in Baltimore, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6,456 | 6,777 | +5.0% |
Summary: The Baltimore real estate market had 6,777 homes for sale in February 2024, a 5.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 145 | 163 | +12.4% |
2 Bedrooms | 1,284 | 1,378 | +7.3% |
3 Bedrooms | 3,225 | 3,346 | +3.8% |
4 Bedrooms | 1,247 | 1,297 | +4.0% |
5+ Bedrooms | 555 | 593 | +6.8% |
Summary: The Baltimore housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
476 | 468 | -1.7% |
Asking Price vs. Sold Price
189 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
160 Homes Were Sold
Over Asking
Summary: A total of 468 homes were sold or pending in Baltimore in February 2024, down by 1.7% month-over-month. Of the 468 sold homes, 40% were sold under asking, 25% were sold at asking, and 34% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 40 Days | -2.1% |
Summary: Homes in Baltimore had an average of 40 days on market in Feb 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
260 Homes Were Sold
Under 30 Days
152 Homes Were Sold
In 30 - 90 Days
56 Homes Were Sold
Over 90 Days
Summary: During February 2024, 468 homes were sold in Baltimore; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.