Top Small Teams in Baltimore, Maryland – Ranked By Sides

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2023 Baltimore, Maryland Housing Market Summary

Baltimore, Maryland started 2023 with a total of 254 single-family homes on the market, with a median home price of $267,750 and an average price per square foot of $133. By the end of the year, inventory had increased to 330 homes on the market (+29%), with a median home price of $235,000 (-12%) and an average price per square foot of $126 (-5%).

At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Baltimore started the year with 42% 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 34% of Baltimore homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Baltimore started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had dropped to 42 – a slight seller’s advantage.

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