Baltimore, MD Housing Market

Name: Baltimore, MD metro area Housing Market Data
Creator: Redfin

Warm Market

Metro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Baltimore, MD metro area.

Data period: May 2026

Market snapshot

Median sale price: $435K
Median days on market: 28 days
Months of supply: 2.6
Active inventory: 7,508
Homes sold: 2,943
Sale-to-list ratio: 100.1%
Listings with price drop: 30.9%
Data month: May 2026

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Rental Investor Snapshot

Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.

Market temperature: Competitive
Buyer leverage: High
Pricing signal vs. U.S. median: Near U.S. median (price only)
Investor fit (heuristic): Appreciation · Negotiation

Watch-outs

Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.

Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.

Warm Market

The market is active with moderate buyer demand.

Baltimore, MD market summary

The Baltimore, MD metro area housing market is heating up. As of May 2026, the median home sale price is $435K, up 6.1% year-over-year. Homes are spending a median of 28 days on the market, 12.0% longer than a year ago.

There are 7,508 homes for sale — 6.3% more than last year. With 2.6 months of supply, this is a seller's market. 4,333 new listings were added during this period, down 1.5% year-over-year.

Homes are selling for 100.1% of their list price on average, indicating buyers are paying above asking. 42.6% of homes sell above their asking price. 30.9% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

Contributing Factors

Months of Supply– 2.6

Days on Market– 28

Price Drops↑ 30.9%

Sale-to-List Ratio– 100.1%

Market Temperature– Warm

How This Market Compares

vs. National Median

Median Price (National: $450K)↓ 3.3%

Days on Market (National: 42)↓ 33.3%

Inventory (National: 1,460,440)↓ 99.5%

vs. Maryland Median

Median Price (Maryland: $477K)↓ 8.9%

Days on Market (Maryland: 34)↓ 17.6%

Investor takeaway

A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.

Baltimore, MD market trends

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Detailed market metrics

Median list price

$420K

Price per sq ft

$231

Sale-to-list ratio

100.1%

Months of supply

2.6

Sold above list

42.6%

Price drops

30.9%

New listings

4,333

↓ 1.5% YoY

Pending sales

3,699

Off market in 2 weeks

53.6%

Baltimore, MD housing market FAQs

What is the median home price in Baltimore, MD?

For the latest published month, the median sale price in Baltimore, MD is $435K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.

Is Baltimore, MD a buyer's or seller's market?

With about 2.6 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.

How long do homes stay on the market in Baltimore, MD?

For the latest published month, the median days on market in Baltimore, MD is 28 days — half of homes went pending faster and half slower.

Is Baltimore, MD good for rental property investors?

Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Baltimore, MD can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.

How should investors analyze a rental property in Baltimore, MD?

Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Baltimore, MD deals.

Compare more Maryland metro markets

Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.

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National context

Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.

Underwrite a Baltimore, MD deal with real numbers

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.