The Baltimore housing market is somewhat competitive. Homes in Baltimore receive 3 offers on average and sell in around 31 days. The median sale price of a home in Baltimore was $215K last month, up 7.6% since last year. The median sale price per square foot in Baltimore is $158, up 1.3% since last year.
What is the housing market like in Baltimore today?
In March 2024, Baltimore home prices were up 7.6% compared to last year, selling for a median price of $215K. On average, homes in Baltimore sell after 31 days on the market compared to 40 days last year. There were 705 homes sold in March this year, down from 829 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$215,000
+7.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Baltimore, MD
$215,000
+7.6%
United States
To compare other locations to the Baltimore and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Baltimore's median sale price is 51% lower than the national average. Overall cost of living in Baltimore is 1% higher than the national average. Learn which home features in Baltimore add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Baltimore housing market?
Baltimore is somewhat competitive. Homes sell in 34 days.
0
100
65
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 34 days.
Hot homes
can sell for about 3% above list price and go pending in around 10 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Baltimore
Explore recent offers and recently sold homes in Baltimore
Recent offers
Offer Not Accepted|
10 Weeks Ago
~$275K Offer
Sold for $275K
2bd | 2ba | ~1,000sqft
Under List Price
4%
Days on Market
24
Competing Offers
—
Down Payment
—
Zachary Pencarski
Baltimore Redfin Agent
Major issues with subject property from home inspection.
Offer Not Accepted|
10 Weeks Ago
~$700K Offer
Sold for $800K
5bd | 3.5ba | ~3,000sqft
Over List Price
5%
Days on Market
5
Competing Offers
9
Down Payment
—
Donnie Meyd
Baltimore Redfin Agent
A unique home so competition was high. Offer of $35,000 over asking with appraisal gap coverage and very minimized inspection contingeny, higher than typical earnest money deposit, free post settlement occupancy for the seller was backed by a well qualified financed buyer working with a local lender. Double digits of competing offers escalated the sale far beyond these terms. …
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Baltimore housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Baltimore.
Risk Factor
Flood Factor - Major
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Baltimore has a major risk of flooding. 22,192 properties in Baltimore are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Baltimore. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Baltimore has a moderate risk of wildfire. There are 23,820 properties in Baltimore that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Baltimore.
97% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Baltimore has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Baltimore is most at risk from hurricanes. 217,196 properties in Baltimore have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 106 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 127 mph.