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 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.
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.
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
Conditions ahead will hinge on pricing alignment.