The Greater Baltimore: November 2024 | Signals

Greater Baltimore Region Market Snapshot, November 2024

November 2024 revealed continued momentum in the Greater Baltimore luxury market with improved efficiency in sales timelines and sustained buyer demand. Key metrics such as average price, days on market, and list price-to-salesprice ratio indicate a robust market, showcasing resilience amid seasonal and economic shifts.

White kitchen with a large marble island, four woven stools, brass pendants, and hardwood floors.

Luxury Market

The Greater Baltimore luxury market (properties priced at $1M+) demonstrated stability in November, outperforming year-over-year benchmarks in both sales volume and negotiation power. Despite a slight decline in average prices compared to October, the market moved faster, reflecting strong buyer confidence and seller adaptability.

This report highlights the key data and insights driving luxury real estate trends in Greater Baltimore for November 2024.

Baltimore Luxury	Nov 2024	Oct 2024	Nov 2023
Average Price	$1,331,339	$1,447,879	$1,420,845
Days on Market	21	45	31
Total Sales	52	53	32
List Price To Sales Price	100.1%	97.7%	98.0%

Market Analysis

Pricing: The average luxury home price dropped to $1,331,339, an 8%decline MoM and a 6% declineYoY, likely reflecting seasonality and cautious buyer behavior.
Days on Market: Homes moved significantly faster, averaging just 21 days—less than half of October’s 45 days—highlighting strong buyer urgency.
Sales Volume: Transactions remained steady with 52 sales, a 62.5% YoY increase over November 2023’s 32 sales, signaling robust demand for well-priced properties.
Negotiation Power: Sellers achieved 100.1% of their list price, marking a seller-friendly market and underscoring the demand for high-end properties.

Bright bathroom with a glass walk-in shower, herringbone marble walls, and shuttered windows.

Waterfront Properties

The waterfront market, known for its seasonal shifts, displayed unique trends:

Baltimore Waterfront	Nov 2024	Oct 2024	Nov 2023
Average Price	$583,680	$697,825	$542,179
Days on Market	55	46	94
Total Sales	10	12	14
List Price To Sales Price	94.6%	93.9%	88.4%

Market Analysis:

Pricing: The average sale price for waterfront properties dropped to $583,680, a 16% decline MoM but a 7.7% increase YoY, showcasing longer-term market resilience.
Days on Market: The DOM rose to 55 days, compared to 46 days in October, reflecting slower seasonal demand. However, this remains a significant improvement over 94 days in November 2023.
Sales Volume: Transactions fell to 10 sales, down from 12 in October and 14 in November 2023, as buyers took a more measured approach.
Negotiation Power: The list price-to-sale price ratio improved to 94.6%, up from 93.9% MoM and 88.4% YoY, suggesting sellers are achieving stronger results despite slower activity.

Kitchen and living room with a marble island, sage-green cabinets, and stone fireplace

Let's Look at the Average Property in Each Market in Nov '24.

Market	Beds	Baths	Square Feet	PPSF
Baltimore Luxury	5	5	5,448	$383.66
Baltimore Waterfront	4	3	2,315	$320.20

Top 10 Sold Listings

Intrigued by the top 10 listings that set the real estate market abuzz in October? Here are some of the standout properties that resonated with buyers:

Large brick and stone house with a covered entrance, landscaped gardens, and a curved brick walkway.

Two-story Monkton home with a stone façade, white siding, and a covered front porch.

Front exterior of 210 Goodwood Gardens in Baltimore, with a curved portico and four columns.

Large brick home at 7233 Preservation Ct, with multiple gables and a landscaped front lawn.

Glenwood home with a stone facade, red front door, and long covered porch; listed at $1,700,000.

White two-story house with stone accents, multiple gables, and a covered front porch.

Tudor-style home at 7 Midvale Road, with a gabled facade and landscaped front lawn.

White Towson home with three roof dormers and a covered front porch, framed by autumn trees.

Two-story brick house with twin gables and landscaped lawn, labeled 4249 Findley Ln, Ellicott City.

Brick-and-siding home with multiple gables and a landscaped lawn; address and price appear below.

Swipe right to see all of the top 10 sales. Explore these listings here to uncover more details about each sale.

Top 10 New Listings

The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters:

Aerial view of the estate at 11042 Greenspring Ave, with slate roofs, landscaped grounds, and surrounding woodland.

Baltimore waterfront skyline at dusk, with a $3,980,000 listing for 300 International Dr 2302.

Glass high-rise condominium overlooking Baltimore’s waterfront and skyline at dusk, with balconies and illuminated interiors.

Large brick and stone Reisterstown home with a steep gray roof, arched entrance, and landscaped front yard.

Two-story brick house with a large arched entrance, framed by autumn trees.

Blue two-story house with white trim, multiple gables, and a covered front porch.

Gray two-story house with white trim, brick foundation, and autumn trees at 11506 Jager Blvd.

Red-brick house with three dormers, two chimneys, and a wide covered front porch.

White multi-story house with a broad covered porch and stone retaining wall above a green lawn.

White house with multiple gables, a covered porch, and a landscaped lawn.

Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living.

Key Insights for Buyers and Sellers

For Buyers

Luxury Market: Act decisively—properties are moving quickly, and sellers are achieving full asking prices.
Waterfront Market: The seasonal slowdown presents opportunities to negotiate favorable terms on waterfront properties.

For Sellers

Luxury Market: Take advantage of strong demand by pricing strategically to attract motivated buyers quickly.
Waterfront Market: Highlight unique features like water views, outdoor spaces, or location to capture interest during slower months.

Marble bathroom with a freestanding tub, glass shower, and double vanity.

Forecast & Recommendations

Looking ahead to December and early 2025:

Market Trends: The luxury segment will likely maintain its momentum, while the waterfront market may stabilize further as inventory tightens.
Inventory: Limited new listings will favor sellers willing to list during the holiday season.
Buyer Opportunities: Buyers can take advantage of seasonal price adjustments in the waterfront segment.

Dining room with floral wallpaper, a crystal chandelier, wooden table, and arched opening to a curved staircase.

Bright foyer with a sweeping staircase, dark wood rails, white balusters, and polished hardwood floors.

In Conclusion

November 2024 showcased a dynamic Greater Baltimore market, with the luxury segment thriving on strong demand and fast-moving inventory, while the waterfront market reflected seasonal adjustments. Sellers in the luxury market continue to benefit from robust buyer activity, achieving over 100% of list prices, while waterfront sellers must adapt to longer sales cycles.

For buyers and sellers alike, this market presents opportunities with the right strategy. Reach out to our team for expert insights and tailored guidance to achieve your real estate goals in Greater Baltimore.

CONTACT the HOUSECATS company

Let's Work Together

Whether you are preparing to sell, searching for a home or simply trying to understand what comes next, tell us what you are working through. We will help identify the clearest path forward.

Name

Email

Phone

Interested In

Message

I agree to be contacted by Shane Hall via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy.