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 | 5,174 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
This snapshot reflects late-summer market conditions across Greater Baltimore.
213 Sales in Q3 | $1,390,320 Average Price 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.
54 Sales in Q3 | $624,386 Average Price 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.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
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.
Looking Ahead
Momentum will reflect buyer confidence.