Is Baltimore County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Baltimore County was a Seller's Market.
Housing Prices in Baltimore County, MD
How much do homes in Baltimore County, MD cost?
Median Sold Price
$335,530
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Baltimore County was $335,530 in March 2024, up 6.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $155.5K | -1.6% |
2 Bedrooms | $224K | $236.1K | +5.4% |
3 Bedrooms | $290K | $309.7K | +6.8% |
4 Bedrooms | $389.9K | $419.9K | +7.7% |
5+ Bedrooms | $590K | $602.5K | +2.1% |
Summary: Baltimore County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Anne Arundel County | $449.9K | $480K | +6.7% |
Baltimore County | $315K | $335.5K | +6.5% |
Howard County | $519.7K | $549.9K | +5.8% |
Carroll County | $416.7K | $439.6K | +5.5% |
Harford County | $348.3K | $365.1K | +4.8% |
Housing Supply in Baltimore County, MD
How many homes are available in Baltimore County, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,028 | 3,208 | +5.9% |
Summary: The Baltimore County real estate market had 3,208 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 37 | +27.6% |
2 Bedrooms | 358 | 377 | +5.3% |
3 Bedrooms | 1,222 | 1,298 | +6.2% |
4 Bedrooms | 911 | 966 | +6.0% |
5+ Bedrooms | 508 | 530 | +4.3% |
Summary: The Baltimore County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
460 | 501 | +8.9% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
128 Homes Were Sold
At Asking
240 Homes Were Sold
Over Asking
Summary: A total of 501 homes were sold or pending in Baltimore County in March 2024, up by 8.9% month-over-month. Of the 501 sold homes, 27% were sold under asking, 26% were sold at asking, and 48% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 23 Days | -23.0% |
Summary: Homes in Baltimore County had an average of 23 days on market in Mar 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
387 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During March 2024, 501 homes were sold in Baltimore County; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.