Market Update

Greater Baltimore Area

Q1 2023

Residential Property Snapshot

Single Family Homes & Condos | Q1 2023
Med. Sales Price
$389k
3% more than in
Q1 2022

Avg. Days On Market
34
26% more than in
Q1 2022

Closed Sales
4,332
30% fewer than in
Q1 2022

Inventory
1,995
Data unavailable for
Q1 2022

Sales Price vs. Closed Sales

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
Closed
New
Inventory

Closed Sales by Price

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 2023

Median Sales Price vs. Average Days on Market

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
By Year
By Price

Market Data by Year

Single Family Homes & Condos

  • Single Family Homes
  • Condos

 |  Q1 2023

Rotate your device to view as table
'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-27%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
n/a
Closed Sales
-30%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
26%

34 Communities

Communities

Annapolis

Median
$610k
DOM
34
Sales
83
Inv
29

Baltimore City

Median
$242k
DOM
37
Sales
487
Inv
309

Bel Air

Median
$341k
DOM
22
Sales
26
Inv
2

Canton

Median
$274k
DOM
59
Sales
4
Inv
5

Catonsville

Median
$379k
DOM
24
Sales
68
Inv
22

Charles Village

Median
$127k
DOM
43
Sales
2
Inv
2

Clarksville

Median
$850k
DOM
17
Sales
8
Inv
6

Cockeysville

Median
$340k
DOM
24
Sales
24
Inv
7

Columbia

Median
$450k
DOM
21
Sales
137
Inv
32

Ellicott City

Median
$638k
DOM
26
Sales
85
Inv
38

Federal Hill

Median
n/a
Sales
0
Inv
2

Fells Point

Median
$642k
DOM
44
Sales
8
Inv
10

Glen Arm

Median
$585k
DOM
60
Sales
8
Inv
7

Green Spring Valley

Median
n/a
Sales
0
Inv
2

Guilford

Median
$1.59m
DOM
136
Sales
2
Inv
7

Hampden

Median
$315k
DOM
70
Sales
6
Inv
1

Hampstead

Median
$270k
DOM
37
Sales
10
Inv
2

Locust Point

Median
$528k
DOM
59
Sales
4
Inv
4

Lutherville-Timonium

Median
$425k
DOM
25
Sales
47
Inv
20

Mays Chapel

Median
$315k
DOM
29
Sales
19
Inv
6

Middle River

Median
$252k
DOM
32
Sales
34
Inv
13

Monkton

Median
$871k
DOM
149
Sales
9
Inv
6

Mount Washington

Median
$434k
DOM
20
Sales
14
Inv
4

Owings Mills

Median
$315k
DOM
27
Sales
43
Inv
15

Phoenix

Median
n/a
Sales
0
Inv
0

Pikesville

Median
$316k
DOM
36
Sales
63
Inv
38

Reisterstown

Median
$340k
DOM
31
Sales
47
Inv
8

Roland Park

Median
$750k
DOM
29
Sales
9
Inv
2

Ruxton

Median
$1.08m
DOM
13
Sales
12
Inv
4

Severna Park

Median
$610k
DOM
39
Sales
67
Inv
25

Sparks

Median
$653k
DOM
22
Sales
12
Inv
4

Towson

Median
$515k
DOM
26
Sales
63
Inv
24

Westminster

Median
$407k
DOM
40
Sales
31
Inv
9

White Marsh

Median
$399k
DOM
21
Sales
11
Inv
2

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Data provided by MRIS - Bright MLS. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Mar 31, 2023 end of day. This report was last updated Apr 13, 2023.

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