$1,722 Closing Credit*
$145,000
864 SqFt
2 Beds
•2 Full Baths
Michael Kulnich, Listing Office: Corner House Realty
Is Baltimore County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$350,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,192(+6.4%)
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 $350,000 in November 2024, up 6.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $152.5K | -7.6% |
| 2 Bedrooms | $231.2K | $242K | +4.7% |
| 3 Bedrooms | $300K | $321.3K | +7.1% |
| 4 Bedrooms | $406.7K | $433K | +6.5% |
| 5+ Bedrooms | $606K | $621.8K | +2.6% |
Summary: Baltimore County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
| Baltimore County | $328.8K | $350K | +6.4% |
| Harford County | $360.1K | $381.4K | +5.9% |
| Howard County | $544.1K | $572.5K | +5.2% |
| Carroll County | $429.1K | $450.7K | +5.0% |
| Anne Arundel County | $476.7K | $488.6K | +2.5% |
Housing Supply in Baltimore County, MD
How many homes are available in Baltimore County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,303 | 2,225 | -3.4% |
Summary: The Baltimore County real estate market had 2,225 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 21 | -8.7% |
| 2 Bedrooms | 315 | 302 | -4.1% |
| 3 Bedrooms | 1,040 | 1,027 | -1.3% |
| 4 Bedrooms | 641 | 598 | -6.7% |
| 5+ Bedrooms | 284 | 277 | -2.5% |
Summary: The Baltimore County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 687 | 588 | -14.4% |
Asking Price vs. Sold Price
167 Homes Were Sold
Under Asking
161 Homes Were Sold
At Asking
260 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore County, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.
Summary: A total of 588 homes were sold or pending in Baltimore County in November 2024, down by 14.4% month-over-month. Of the 588 sold homes, 28% were sold under asking, 27% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +21.2% |
Summary: Homes in Baltimore County had an average of 22 days on market in Nov 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
467 Homes Were Sold
Under 30 Days
97 Homes Were Sold
In 30 - 90 Days
24 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 November 2024, 588 homes were sold in Baltimore County; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
