Is Baltimore County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baltimore County has remained a Seller's Market.
Key Takeaway
Baltimore County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baltimore County, MD
How much do homes in Baltimore County, MD cost?
Median Sold Price
$339,715
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baltimore County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Baltimore County was $339,715 in May 2024, up 6.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $160K | -4.8% |
| 2 Bedrooms | $226.7K | $235.3K | +3.8% |
| 3 Bedrooms | $290.4K | $311.7K | +7.4% |
| 4 Bedrooms | $394.6K | $419.9K | +6.4% |
| 5+ Bedrooms | $599.9K | $600K | 0.0% |
Summary: Baltimore County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Harford County | $344.9K | $372.5K | +8.0% |
| Anne Arundel County | $449.9K | $484.6K | +7.7% |
| Carroll County | $415K | $441.9K | +6.5% |
| Baltimore County | $319.3K | $339.7K | +6.4% |
| Howard County | $524.8K | $550.9K | +5.0% |
Housing Supply in Baltimore County, MD
How many homes are available in Baltimore County, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2,010 | 2,320 | +15.4% |
Summary: The Baltimore County real estate market had 2,320 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 27 | +3.8% |
| 2 Bedrooms | 268 | 290 | +8.2% |
| 3 Bedrooms | 850 | 977 | +14.9% |
| 4 Bedrooms | 592 | 710 | +19.9% |
| 5+ Bedrooms | 274 | 316 | +15.3% |
Summary: The Baltimore County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 555 | 434 | -21.8% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
88 Homes Were Sold
At Asking
234 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore County, you could pay more than the asking price. 53.9% of homes here sold above asking price last month.
Summary: A total of 434 homes were sold or pending in Baltimore County in May 2024, down by 21.8% month-over-month. Of the 434 sold homes, 26% were sold under asking, 20% were sold at asking, and 54% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -11.1% |
Summary: Homes in Baltimore County had an average of 17 days on market in May 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
376 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baltimore County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 434 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 4% of homes were sold over 90 days.
