Greater Baltimore | Q4 2024 Market Report

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.

Waterfront homes with private docks, boats, and wooded lawns along the shore.

Greater Baltimore Snapshot

This snapshot captures late-year activity across Greater Baltimore.

$1,900,579,553 Total Sales Volume	4858 Total Transactions	2.1 Months of Inventory
14 Median Days on Market	$335,917 Median Sales Price	99.8% List to Sales Price Ratio

$1,900,579,553

Total Sales Volume

4858

Total Transactions

2.1

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.

160

Sales in Q4

1,396,798

Average Price 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.}

Covered wooden boathouse and dock over a lake, beside a landscaped stone terrace.

Waterfront Markets

Waterfront demand remained selective.

37

Sales in Q4

$629,456

Average Price 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.}

Large house with a covered porch on a wooded property, framed by pine branches.

Town Spotlights

Within the region, certain communities stood out during the quarter based on activity and buyer interest

Baltimore’s illuminated downtown skyline and Inner Harbor at dusk.

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.

Aerial view of office buildings and parking lots beside a lake, surrounded by dense green trees.

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.

Aerial view of a leafy suburban neighborhood with scattered homes, open lawns, and a road.

Ellicott City

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

Living room with cream sofas and expansive windows overlooking open countryside.

Looking Ahead

Conditions ahead will hinge on pricing alignment.

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