$2,849 Closing Credit*
$239,900
1,650 SqFt
3 Beds
•1 Full Bath, 1 Partial
India E Whitlock, Listing Office: Keller Williams Legacy
Is Baltimore, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$225,730
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,478(+3.0%)
Key Takeaway
Homes in Baltimore have sold for 3% more than they did a year ago.
Summary: The median home sold price in Baltimore was $225,730 in November 2024, up 3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $166.5K | +4.1% |
| 2 Bedrooms | $199.3K | $204.4K | +2.6% |
| 3 Bedrooms | $199.8K | $202.7K | +1.5% |
| 4 Bedrooms | $274.6K | $284.8K | +3.7% |
| 5+ Bedrooms | $369.5K | $365K | -1.2% |
Summary: Baltimore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Brooklyn | $200K | $228.7K | +14.4% |
| Halethorpe | $290K | $320.3K | +10.5% |
| Gwynn Oak | $281.5K | $300K | +6.6% |
| Dundalk | $219.3K | $229.7K | +4.7% |
| Baltimore | $219.2K | $225.7K | +3.0% |
Housing Supply in Baltimore, MD
How many homes are available in Baltimore, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,247 | 3,396 | +4.6% |
Summary: The Baltimore real estate market had 3,396 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 91 | 91 | 0.0% |
| 2 Bedrooms | 690 | 720 | +4.3% |
| 3 Bedrooms | 1,560 | 1,621 | +3.9% |
| 4 Bedrooms | 647 | 681 | +5.3% |
| 5+ Bedrooms | 259 | 283 | +9.3% |
Summary: The Baltimore housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 636 | 553 | -13.1% |
Asking Price vs. Sold Price
205 Homes Were Sold
Under Asking
151 Homes Were Sold
At Asking
197 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore, you may be able to get a good deal. 37.1% of homes here sold below asking price last month.
Summary: A total of 553 homes were sold or pending in Baltimore in November 2024, down by 13.1% month-over-month. Of the 553 sold homes, 37% were sold under asking, 27% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 36 Days | +5.6% |
Summary: Homes in Baltimore had an average of 36 days on market in Nov 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
327 Homes Were Sold
Under 30 Days
176 Homes Were Sold
In 30 - 90 Days
50 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 November 2024, 553 homes were sold in Baltimore; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
