$5,166 Closing Credit*
$435,000
1,923 SqFt
3 Beds
•1 Full Bath, 1 Partial
Janel A Burroughs, Listing Office: Berkshire Hathaway HomeServices Homesale 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 October 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
$349,990
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,790(+7.3%)
Key Takeaway
Homes in Baltimore County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Baltimore County was $349,990 in October 2024, up 7.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $160K | 0.0% |
| 2 Bedrooms | $230K | $240K | +4.3% |
| 3 Bedrooms | $299.9K | $320K | +6.7% |
| 4 Bedrooms | $405.4K | $430.7K | +6.2% |
| 5+ Bedrooms | $602.8K | $621.7K | +3.1% |
Summary: Baltimore County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Baltimore County | $326.1K | $349.9K | +7.3% |
| Harford County | $358.6K | $379.9K | +5.9% |
| Howard County | $541.8K | $570.4K | +5.3% |
| Carroll County | $429.8K | $450.1K | +4.7% |
| Anne Arundel County | $474.7K | $488.8K | +3.0% |
Housing Supply in Baltimore County, MD
How many homes are available in Baltimore County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,172 | 2,435 | +12.1% |
Summary: The Baltimore County real estate market had 2,435 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 27 | -3.6% |
| 2 Bedrooms | 263 | 324 | +23.2% |
| 3 Bedrooms | 1,008 | 1,092 | +8.3% |
| 4 Bedrooms | 620 | 680 | +9.7% |
| 5+ Bedrooms | 253 | 312 | +23.3% |
Summary: The Baltimore County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 621 | 631 | +1.6% |
Asking Price vs. Sold Price
201 Homes Were Sold
Under Asking
157 Homes Were Sold
At Asking
273 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore County, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 631 homes were sold or pending in Baltimore County in October 2024, up by 1.6% month-over-month. Of the 631 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 22 Days | +17.9% |
Summary: Homes in Baltimore County had an average of 22 days on market in Oct 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
474 Homes Were Sold
Under 30 Days
136 Homes Were Sold
In 30 - 90 Days
21 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 October 2024, 631 homes were sold in Baltimore County; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
