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Sell Buy Markets Guides Media Company
Housecats Co.
2077 Somerville Rd
Suite 200
Annapolis, MD 21401
Q3 2024 MARKET UPDATE
Greater Baltimore
Baltimore City | Baltimore County | Howard County
the quarter in review
THIRD QUARTER
The Greater Baltimore market in Q3 2024 reflected balance and recalibration. Overall closed sales and volume eased modestly, while median pricing softened slightly and days on market inched higher. Inventory crept upward, creating breathing room for buyers without tipping leverage away from sellers. The result was a quarter defined less by frenzy and more by focus—a disciplined pace that still rewarded well-positioned listings. This wasn’t a retreat; it was a reset, as the market aligned with broader economic rhythms heading into year’s end.
Greater Baltimore
Snapshot
This snapshot reflects late-summer market conditions across Greater Baltimore.
$2,107,146,375
Total Sales Volume
5174
Total Transactions
2.2
months of inventory
11
median days on market
$336,500
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury buyers engaged thoughtfully.
$1,390,320
AVERAGE PRICE IN
Q3
213
SALES IN
Q3
11
AVERAGE DOM IN
Q3
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
waterfront markets
Waterfront interest remained selective.
$624,386
AVERAGE PRICE IN
Q3
54
SALES IN
Q3
24
AVERAGE DOM IN
Q3
Waterfront homes are defined as properties with direct water access from the property.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
THIS QUARTER'S
Top Sales
Buyer Behavior
Buyers emphasized value alignment.
Baltimore City
Baltimore City offers a diverse, neighborhood-driven urban lifestyle shaped by historic architecture, cultural institutions, and waterfront districts, appealing to residents who value walkability, character, and city energy.
Columbia
Columbia is a nationally recognized planned community offering walkable villages, extensive parks and trails, and a strong emphasis on everyday livability, appealing to buyers seeking balance, amenities, and long-term stability.
Ellicott City
Ellicott City is known for its historic downtown, strong community identity, and balance of suburban living with preserved character and green space.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Momentum will reflect buyer confidence.
Local Intelligence. Modern Reach.
The Housecats Company is an Annapolis-based Compass real estate team specializing in luxury, waterfront, and lifestyle properties across Maryland and Washington, D.C. Our group brings together local expertise, market interpretation, media strategy, and client guidance across Maryland’s most distinctive communities. Sign-up to receive our newsletters and join the pride.
2077 Somerville Rd
suite 200
Annapolis, MD 21401
