Q2 2024 MARKET UPDATE
Greater Baltimore
Baltimore City | Baltimore County | Howard County
the quarter in review
SECOND QUARTER
Greater Baltimore experienced a powerful spring reset in Q2 2024. Closed sales surged nearly 45% year-over-year, total volume jumped 64.8%, and median sales price climbed 11.6% — all while homes flew off the market in just 9 days, and inventory tightened noticeably. The velocity and value gains were evident across segments, from single-family to townhomes and condos, making it a quarter defined not by frenzy but by conviction. This was a moment the market leaned in—not holding back, but leaning forward with clarity and purpose.
Greater Baltimore
Snapshot
This snapshot reflects spring-season performance across Greater Baltimore.
$2,326,118,151
TOTAL SALES VOLUME
5720
TOTAL TRANSACTIONS
1.9
eoy months of inventoRy
9
median days on market
$336,583
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury engagement strengthened modestly.
$1,356,657
AVERAGE PRICE IN
Q2
238
SALES IN
Q2
5
AVERAGE DOM IN
Q2
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 improved seasonally.
$655,384
AVERAGE PRICE IN
Q2
62
SALES IN
Q2
17
AVERAGE DOM IN
Q2
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.
Top Sales
THIS QUARTER
Buyer Behavior
A closer look at how buyers are navigating today’s market
Buyers balanced opportunity with evaluation.
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 depend on sustained activity.
More Than Real Estate.
It’s How You Live Here.
Buying or selling a home is just the start.
What matters is understanding the place around it — the market, the lifestyle, the culture, the communities, and the forces shaping what comes next. That’s what we do.
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2077 Somerville Rd
suite 200
Annapolis, MD 21401