The Baltimore, Maryland Housing Market Report
Explore the data and trends powering the residential real estate market in Baltimore, Maryland, including the City of Baltimore and greater Baltimore County.
MARKET REPORT
Key Insights
Explore key insights about the residential real estate market in Baltimore, Maryland for the year ending 2024
AVERAGE DAYS ON MARKET
26 Days
The average days on market for a detached single family home sold in Baltimore, Maryland
AVERAGE PRICE PER SQUARE FOOT
$254.92
The average price per square foot for a detached single family home in Baltimore, Maryland
AVERAGE SALE PRICE
$476,279
The average sale price for a detached single family home in Baltimore, Maryland
THE HOMES COLLECTION
The Homes of Baltimore, Maryland
Explore a curated collection of the most iconic homes in Baltimore, Maryland
MARKET REPORT
The State of the Market
Among the largest metropolitan areas in the Mid-Atlantic, Baltimore, Maryland is characterized by two distinct geographic regions: the historic City of Baltimore, known for its historic row homes and cobblestone streets, and greater Baltimore County, regarded for its sprawling country estates and lush landscapes.
The most expensive home sold in Baltimore, Maryland for the year ending 2024 was a stunning custom home at the prestigouis Caves Valley Golf Club in Owings Mills, Maryland. Originally built in 2005 by acclaimed custom home builders J. Paul Builders and award-winning interior design firm Crosby Jenkins Associates, the over 16,000 square foot residence sits on 2.63 acres of met immaculately landscaped grounds, The home sold $4.20 Million in September 2024.
Nearby, in the Hunt Valley region of Baltimore County,
“Baltimore, Maryland is among the most desirable communities in the Mid-Atlantic,” says Byron V. Hughey, Vice President at TTR Sotheby’s International Realty.
“Because of its unique location and distinct history, Baltimore, Maryland truly has it all.”
For those seeking to purchase a detached single family home in Baltimore, Maryland, you can expect to pay an average of $254.92 per square foot and an average total sales price of $476,279. Detached single family homes in Baltimore, Maryland typically sell in 26 days.
For those seeking a new construction homes in Baltimore, Maryland, options are scarce — with new construction representing only 2% of all residential home sales.
In Baltimore, Maryland, for the year ending 2024, the average sale price for a new construction detached single family home was $755,586.
Among the most desirable communities in the United States, raw land in Baltimore, Maryland is more readily available outside of the city limits, with 176 land sales recorded for the year ending 2024 and an average price per acre of $486,678.
Byron V. Hughey, Vice President at TTR Sotheby’s International Realty
PARTNER INSIGHT
“From historic row homes to sprawling country estates, Baltimore, Maryland truly has it all.”
MARKET REPORT
The Top 10 Home Sales
Explore the top home sales in Baltimore, Maryland for the year ending 2024 courtesy of Bright MLS
1). 11316 John Carroll Road
City: Owings Mills, MD
Bedrooms: 7.0 Bed
Bathrooms: 6.0 Bath
Square Footage: 9,209 Sq. Ft.
Price per Sq. Ft.: $1,716.69
Sale Price: $15,550,000
Sale Date: 11/25/2024
2). 905 Hayfields Road
City: Cockeysville, MD
Bedrooms: 4.0 Bed
Bathrooms: 4.0 Bath
Square Footage: 3,882 Sq. Ft.
Price per Sq. Ft.: $951.49
Sale Price: $3,693,683
Sale Date: 11/15/2024
3). 10701 Greenspring Avenue
City: Lutherville Timonium, MD
Bedrooms: 4.0 Bed
Bathrooms: 5.0 Bath
Square Footage: 5,610 Sq. Ft.
Price per Sq. Ft.: $632.80
Sale Price: $3,550,000
Sale Date: 10/16/2024
4). 15625 Chilcoat Road
City: Sparks Glencoe, MD
Bedrooms: 5.0 Bed
Bathrooms: 5.0 Bath
Square Footage: 5,533 Sq. Ft.
Price per Sq. Ft.: $586.48
Sale Price: $3,245,000
Sale Date: 10/23/2024
5). 12403 Hunters Glen
City: Owings Mills, MD
Bedrooms: 3.0 Bed
Bathrooms: 3.0 Bath
Square Footage: 3,769 Sq. Ft.
Price per Sq. Ft.: $835.77
Sale Price: $3,150,000
Sale Date: 09/04/2024
6). 15505 Old York Road
City: Monkton, MD
Bedrooms: 4.0 Bed
Bathrooms: 4.0 Bath
Square Footage: 3,271 Sq. Ft.
Price per Sq. Ft.: $941.61
Sale Price: $3,080,000
Sale Date: 10/24/2024
7). 12414 Hunters Glen
City: Owings Mills, MD
Bedrooms: 6.0 Bed
Bathrooms: 9.0 Bath
Square Footage: 7,000 Sq. Ft.
Price per Sq. Ft.: $428.57
Sale Price: $5,500,000
Sale Date: 07/18/2024
8). 15110 Tanyard Road
City: Sparks Glencoe, MD
Bedrooms: 4.0 Bed
Bathrooms: 4.0 Bath
Square Footage: 2,088 Sq. Ft.
Price per Sq. Ft.: $1,532.92
Sale Price: $2,864,100
Sale Date: 07/19/2024
9). 10600 Park Heights Avenue
City: Owings Mills, MD
Bedrooms: 5.0 Bed
Bathrooms: 5.0 Bath
Square Footage: 6,538 Sq. Ft.
Price per Sq. Ft.: $428.27
Sale Price: $2,800,000
Sale Date: 08/21/2024
10). 12426 Hunters Glen
City: Owings Mills, MD
Bedrooms: 4.0 Bed
Bathrooms: 4.0 Bath
Square Footage: 5,623 Sq. Ft.
Price per Sq. Ft.: $489.06
Sale Price: $2,750,000
Sale Date: 09/06/2024
THE RAPPAHANNOCK RIVER COMPANY
Find a Trusted Design Professional in Baltimore, Maryland
Explore a curated collection of the best Residential Architects, Custom Home Builders, Interior Designers, and Landscape Architects in Baltimore, Maryland, including members of our Partner Network
Tilt House of Lovettsville, Virginia, Image courtesy of Tom Holdsworth.
BROOKLANDVILLE, MARYLAND
place architecture:design
place architecture:design is a Residential Architecture Firm in Brooklandville, Maryland
Caves Valley Estate of Owings Mills, Maryland. Image courtesy of Townsend Visuals.
BALTIMORE, MARYLAND
Myers Greene Architects
Myers Greene Architects is a Residential Architecture Firm in Baltimore, Maryland
Saddleback Farm of Afton, Virginia. Image courtesy of Greg Goodson.
MIDDLEBURG, VIRGINIA
Jacobsen Architecture
Jacobsen Architecture is a Residential Architecture Firm in Middleburg, Virginia
MARKET REPORT
Frequently Asked Questions
Browse frequently asked questions about our industry research, data, and reporting methodologies
HOW DO I GET ACCESS TO YOUR INDUSTRY RESEARCH?
Raw market data is available for free to members of our Partner Network. Additionally, you may purchase individual reports for a one time fee of $99.95.
WHAT KIND OF DATA IS INCLUDED IN YOUR INDUSTRY RESEARCH?
Industry research and reports include a variety of data, including anecdotes regarding the business of new home construction from industry professionals, as well as a complete list and data set of all new construction homes in the market.
HOW DO I SPONSOR YOUR INDUSTRY REPORTS?
Market data and research may be sponsored upon request by qualified design professionals. To learn more, please contact partners@rappahannock.co.
WHAT CRITERIA IS USED TO ACQUIRE DATA FOR THE REPORT?
Sales data is acquired from closed sales records as published in Bright MLS. In addition, the report focuses only on single family homes — specifically those marked as fee simple transactions.
HOW DO YOU ACQUIRE DATA FOR YOUR REPORTS?
Data for our reports is acquired through a combination of public, private, and panel-based sources. For editorial content and insights, we survey residential architects, interior designers, landscape architects, and custom home builders with experience in the subject market.
HOW DO YOU DETERMINE YOUR KEY INSIGHTS ABOUT THE MARKET?
Key Insights focus on a specific segment of the housing market, specifically those that are single family homes, detached, and and designated as fee simple.
MARKET REPORT
Download the Complete Data Set
Learn more about the Baltimore, Maryland housing market. Download a CSV of complete sales data for only $99.95.