$5,225 Closing Credit*
$440,000
1,260 SqFt
3 Beds
•3 Full Baths
CINTIA M VALLADARES HERNANDEZ, Listing Office: EXP Realty, LLC
Is Baltimore, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Baltimore was a Seller's Market.
Key Takeaway
Baltimore is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Baltimore, MD
How much do homes in Baltimore, MD cost?
Median Sold Price
$224,997
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,921(+3.2%)
Key Takeaway
Homes in Baltimore have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Baltimore was $224,997 in October 2024, up 3.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $165K | +3.1% |
| 2 Bedrooms | $199.1K | $204.8K | +2.8% |
| 3 Bedrooms | $199.9K | $200.1K | 0.1% |
| 4 Bedrooms | $271.2K | $284.8K | +5.0% |
| 5+ Bedrooms | $369.5K | $365K | -1.2% |
Summary: Baltimore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Brooklyn | $197.2K | $228.6K | +15.9% |
| Halethorpe | $290K | $320K | +10.3% |
| Gwynn Oak | $280K | $297.5K | +6.3% |
| Dundalk | $216.4K | $228K | +5.3% |
| Baltimore | $218K | $224.9K | +3.2% |
Housing Supply in Baltimore, MD
How many homes are available in Baltimore, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,213 | 3,600 | +12.0% |
Summary: The Baltimore real estate market had 3,600 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 92 | 107 | +16.3% |
| 2 Bedrooms | 679 | 755 | +11.2% |
| 3 Bedrooms | 1,585 | 1,761 | +11.1% |
| 4 Bedrooms | 607 | 708 | +16.6% |
| 5+ Bedrooms | 250 | 269 | +7.6% |
Summary: The Baltimore housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 569 | 566 | -0.5% |
Asking Price vs. Sold Price
223 Homes Were Sold
Under Asking
145 Homes Were Sold
At Asking
198 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.
Summary: A total of 566 homes were sold or pending in Baltimore in October 2024, down by 0.5% month-over-month. Of the 566 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 40 Days | +34.5% |
Summary: Homes in Baltimore had an average of 40 days on market in Oct 2024, up by 34.5% compared to last year.
Breakdown of Home Sale Times
347 Homes Were Sold
Under 30 Days
143 Homes Were Sold
In 30 - 90 Days
76 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baltimore are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 566 homes were sold in Baltimore; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
