Top Mega Teams in Baltimore, Maryland – Ranked by Volume

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2022 Market Summary

Baltimore, Maryland started 2022 with a total of 223 single-family homes on the market, with a median home price of $265,500 and an average price per square foot of $162. By the end of the year, inventory had increased to 269 homes on the market (+20%), with a median home price of $274,900 (+3%) and an average price per square foot of $132 (-18%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.

Baltimore started the year with 39% 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 44% of Baltimore homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Baltimore started 2022 as a strong seller’s market, with an MAI score of 57; by the end of the year, the MAI had dropped to 42 – a slight seller’s advantage.

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