Baltimore Housing Market

Baltimore buyers had more homes to choose from in July as new listings increased across the region. Even so, homes continued to sell quickly, and prices climbed faster than the national benchmark.

Home sales increased about 3% from a year earlier, showing that buyers continued to enter the market despite economic uncertainty. According to the BLS, employment has been declining in the Baltimore region over the past year.

Home sales have held steady for the past several years, with about 3,000 homes sold each July since 2023. Popular suburban communities continued to attract the most buyers. Ellicott City, Bel Air South, and Severn were among the area's most active housing markets.

For buyers, the takeaway was simple: competition for homes remained strong. Demand continued to hold up, especially in desirable suburban locations.

Baltimore buyers had more homes to choose from in July as nearly 4,000 new listings came onto the market. The number of homes available for sale rose 18% from a year earlier as more homeowners decided to list their homes.

Even so, homes did not take longer to sell. Days on market remained unchanged from last year at 44 days, a sign that buyers continued to move quickly when a home was priced appropriately and located in a desirable area.

Buyers still faced limited selection compared with many other parts of the country. Baltimore had just 3.7 months of supply, compared with 4.7 months nationally.

View the latest homes for sale in Baltimore.

Home prices in Baltimore rose faster than the national benchmark. The median sales price climbed 6% from a year earlier, compared with a 2.6% increase nationwide.

That growth ranked Baltimore second in the country for annual home price gains. The area's median home price reached $440,000, about 10% higher than the U.S. median of $400,000.

Buyers looking for lower-priced options continued to find the best value in the condominium market, where the median sales price was $310,000. Townhomes were not much more expensive, with a median sales price of $330,000. Single-family homes remained the priciest option, reaching a median price of $570,000.

The Baltimore market offered buyers more homes to choose from in July, but competition and rising prices meant affordability remained a challenge.

The median home sale price in Baltimore increased by 6.0% compared to the same time last year, while the national median price rose by 2.6%.

Baltimore median home prices rose by $25,000 year over year on a nominal basis in July to $440,000. Meanwhile, the national median home price increased by $10,000 to $400,000.

Baltimore was the 18th highest-priced housing market among the top 40 largest markets last month. The Baltimore median home price of $440,000 was 10.0% above the national median home price. Baltimore's median home price in July is the highest observed price for any month in the market.

The median price of Baltimore single-family homes rose by $45,000 over the past year to $570,000, while the median townhome price was unchanged, and the median condo price rose by 8.8%.

The number of homes for sale in Baltimore increased by 18.4% in July compared to the same time last year, while national homes for sale rose by 4.4%.

Baltimore homes for sale rose by 1,483 year over year in July to 9,559 homes for sale. Baltimore ranked second, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.

Baltimore homes for sale were below their pre-pandemic levels in the month of July. Baltimore homes for sale were 37.5% below the July 2019 total of 15,290.

Baltimore single-family homes for sale grew by 7.0% to 4,147 in July. In comparison, townhomes for sale rose by 32.5% to 4,394, and condos for sale increased by 15.3% to 1,018.

The number of home sales in Baltimore increased by 2.9% in July compared to the same time last year, and national home sales rose by the same amount.

Baltimore home sales increased by 85 year over year on a nominal basis in July to 2,994. For context, 2,909 sales closed in Baltimore in July 2025.

Baltimore ranked 16th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July increase of 2.9% compares to the 5.5% year-over-year decrease in July 2025.

Baltimore single-family sales increased by 9.4% in July to 1,686. In comparison, townhome sales fell by 3.7% to 1,051, and condo sales fell by 7.2% to 257.

For questions and commentary about this report:

Melina Duggal, Senior Director of Market Analytics at CoStar and Homes.com, based in the Baltimore-Washington region, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Melina Duggal

Senior Director Market Analytics

Homes.com

mduggal@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Baltimore during July 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Days on Market

The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Months of Supply (MOS)

Months of Supply (MOS) is equal to active listings divided by homes sold in a given month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Sale to List Price Ratio

The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.