Is Baltimore County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$335,577
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Baltimore County was $335,577 in April 2024, up 6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168K | $151K | -10.1% |
2 Bedrooms | $225K | $235.1K | +4.5% |
3 Bedrooms | $290K | $310K | +6.9% |
4 Bedrooms | $394.2K | $419.6K | +6.4% |
5+ Bedrooms | $589.9K | $605.6K | +2.7% |
Summary: Baltimore County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Counties
Anne Arundel County | $449.7K | $481.2K | +7.0% |
Harford County | $345K | $368.2K | +6.7% |
Baltimore County | $316.7K | $335.5K | +6.0% |
Carroll County | $417K | $439.9K | +5.5% |
Howard County | $523.8K | $550.3K | +5.1% |
Housing Supply in Baltimore County, MD
How many homes are available in Baltimore County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,839 | 2,007 | +9.1% |
Summary: The Baltimore County real estate market had 2,007 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 25 | -3.8% |
2 Bedrooms | 252 | 271 | +7.5% |
3 Bedrooms | 810 | 848 | +4.7% |
4 Bedrooms | 508 | 596 | +17.3% |
5+ Bedrooms | 243 | 267 | +9.9% |
Summary: The Baltimore County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
599 | 522 | -12.9% |
Asking Price vs. Sold Price
127 Homes Were Sold
Under Asking
137 Homes Were Sold
At Asking
258 Homes Were Sold
Over Asking
Summary: A total of 522 homes were sold or pending in Baltimore County in April 2024, down by 12.9% month-over-month. Of the 522 sold homes, 24% were sold under asking, 26% were sold at asking, and 49% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 19 Days | -14.7% |
Summary: Homes in Baltimore County had an average of 19 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
439 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 522 homes were sold in Baltimore County; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.