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
eoy 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.
Top Sales
THIS QUARTER
Buyer Behavior
A closer look at how buyers are navigating today’s market
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.
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