Market Reports | Housecats Company

2024

LUXURY REPORT

Greater Baltimore

Baltimore City | Baltimore County | Howard County

luxury market overview

Luxury activity across Greater Baltimore in 2024 remained steady but selective, with buyers taking additional time to evaluate opportunities at the upper end of the market. High-end transactions reflected disciplined decision-making, often influenced by property quality, location, and long-term value rather than urgency.

Well-positioned luxury homes continued to find buyers, reinforcing the segment’s resilience within a diversified regional market. The year highlighted a luxury landscape guided by thoughtful engagement and realistic positioning, rather than rapid turnover.

Greater Baltimore

SNAPSHOT

Greater Baltimore offers a diverse residential landscape spanning urban neighborhoods, historic communities, and well-established suburbs. The region appeals to buyers seeking depth, variety, and relative value, including professionals, families, and investors drawn to its cultural infrastructure, employment centers, and neighborhood character. Market activity here is influenced by both local dynamics and broader regional accessibility.

100.5%

LIST TO SALES PRICE RATIO

712

TOTAL TRANSACTIONS

$1,377,752

average sales price

8

median days on mkt

TOP SALES

THIS YEAR

buyer behavior

A closer look at how buyers are navigating today’s market

Buyer behavior across Greater Baltimore in 2024 reflected a measured and pragmatic approach. Purchasers increasingly weighed value, condition, and neighborhood context, acting decisively when opportunities aligned but avoiding unnecessary urgency. This dynamic contributed to a balanced market environment shaped by intention rather than speculation.

market composition

Market composition in Greater Baltimore during 2024 reflected broad participation across price points, with activity distributed among urban neighborhoods, historic communities, and suburban settings. Buyers responded most actively where pricing alignment and neighborhood context met expectations, reinforcing the region’s depth and diversity.

While higher-priced segments experienced a more measured tempo, attainable ranges continued to support steady activity. This distribution underscored a market shaped less by uniform momentum and more by localized dynamics, where outcomes varied meaningfully by community and housing profile.

→ Browse All Of The Communities In The Region

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.

→ View Market Report

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.

→ View Market Report

Ellicott City

Ellicott City is known for its historic downtown, strong community identity, and balance of suburban living with preserved character and green space.

→ View Market Report

Owings Mills

Owings Mills is a growing residential and commercial area offering newer housing options, transit access, and everyday convenience for buyers seeking value and accessibility.

→ View Market Report

Towson

Towson blends suburban convenience with a walkable town center, attracting buyers who value accessibility, local amenities, and proximity to Baltimore City.

→ View Market Report

Towns Driving Luxury Activity

Town-level performance across Greater Baltimore varied based on neighborhood character, accessibility, and housing mix. These local distinctions played an important role in shaping market outcomes throughout the year, reinforcing the importance of community-specific context.

LOOKING AHEAD

As Greater Baltimore moved forward, market conditions remained anchored by buyer selectivity, neighborhood-driven dynamics, and realistic pricing expectations. Continued engagement is likely to depend on how well properties align with value and location within this diverse regional market.