Q4 2024 MARKET UPDATE
Greater Baltimore
Baltimore City | Baltimore County | Howard County
the quarter in review
FOURTH QUARTER
The Baltimore market closed 2024 with quiet strength. Overall sales and volume ticked upward from Q3, while pricing edged higher and inventory tightened. Days on market rose modestly, signaling more measured buyer behavior, but demand remained intact across the board. Mid-tier and luxury segments helped carry momentum, while the market as a whole finished the year steady and prepared for transition. Q4 wasn’t about acceleration — it was about resilience, and the results underscore Baltimore’s role as a stable, enduring market.
Greater Baltimore
Snapshot
This snapshot captures late-year activity across Greater Baltimore.
$1,900,579,553
TOTAL SALES VOLUME
4858
TOTAL TRANSACTIONS
2.1
eoy months of inventoRy
14
median days on market
$335,917
median sales price
99.8%
list to sales price ratio
luxury markets
Luxury timelines extended modestly.
$1,396,798
AVERAGE PRICE IN
Q4
160
SALES IN
Q4
9
AVERAGE DOM IN
Q4
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
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waterfront markets
Waterfront demand remained selective.
$629,456
AVERAGE PRICE IN
Q4
37
SALES IN
Q4
37
AVERAGE DOM IN
Q4
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 approached opportunities deliberately.
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
Conditions ahead will hinge on pricing alignment.
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