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
Q1 2022
Avg. Days On Market
34
26% more than in
Q1 2022
Q1 2022
Closed Sales
4,332
30% fewer than in
Q1 2022
Q1 2022
Inventory
1,995
Data unavailable for
Q1 2022
Q1 2022
Sales Price vs. Closed Sales
Single Family Homes & Condos
- Single Family Homes
- Condos
Closed
New
Inventory
Closed Sales by Price
Single Family Homes & Condos
- Single Family Homes
- Condos
Median Sales Price vs. Average Days on Market
Single Family Homes & Condos
- Single Family Homes
- Condos
By Year
By Price
Market Data by Year
Single Family Homes & Condos
- Single Family Homes
- Condos
| Q1 2023
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'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%
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