Is Baltimore County, 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 County has remained a Seller's Market.
Housing Prices in Baltimore County, MD
How much do homes in Baltimore County, MD cost?
Median Sold Price
$340,530
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Baltimore County was $340,530 in June 2024, up 6.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $170K | +12.6% |
2 Bedrooms | $229.8K | $235.6K | +2.5% |
3 Bedrooms | $292K | $314.9K | +7.8% |
4 Bedrooms | $397.4K | $420K | +5.7% |
5+ Bedrooms | $599.9K | $600K | 0.0% |
Summary: Baltimore County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Anne Arundel County | $454.5K | $485.1K | +6.7% |
Harford County | $349.9K | $372.6K | +6.5% |
Baltimore County | $320.1K | $340.5K | +6.4% |
Carroll County | $418.4K | $442.3K | +5.7% |
Howard County | $529.7K | $559.5K | +5.6% |
Housing Supply in Baltimore County, MD
How many homes are available in Baltimore County, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,220 | 2,295 | +3.4% |
Summary: The Baltimore County real estate market had 2,295 homes for sale in June 2024, a 3.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 27 | -12.9% |
2 Bedrooms | 271 | 280 | +3.3% |
3 Bedrooms | 938 | 992 | +5.8% |
4 Bedrooms | 676 | 687 | +1.6% |
5+ Bedrooms | 304 | 309 | +1.6% |
Summary: The Baltimore County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 1.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
700 | 652 | -6.9% |
Asking Price vs. Sold Price
177 Homes Were Sold
Under Asking
147 Homes Were Sold
At Asking
328 Homes Were Sold
Over Asking
Summary: A total of 652 homes were sold or pending in Baltimore County in June 2024, down by 6.9% month-over-month. Of the 652 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for Baltimore County, MD
How long does it take to sell a home in Baltimore County, MD?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 15 Days | +7.8% |
Summary: Homes in Baltimore County had an average of 15 days on market in Jun 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
567 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During June 2024, 652 homes were sold in Baltimore County; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.