Baltimore, Maryland started 2024 with a total of 313 single-family homes on the market, with a median home price of $235,000 and an average price per square foot of $126.98. By the end of the year, inventory had decreased to 233 homes on the market (-26%), with a median home price of $319,900 (+36%), and an average price per square foot of $157 (+24%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had increased to 70 days.
Baltimore, Maryland started the year with 32.27% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 48.93% of homes for sale had taken a price cut.
