Baltimore Metro Housing Market Report –August 2025

by Danielle Odagbodo

Housing Market Trends

Baltimore area buyers holding back amidst a dearth of new listings. In August, there were 2,788 closed sales across the Baltimore metro area, a slight 0.6% drop from last August. The number of new pending sales in the region was down by 0.7% year-over-year.

Fewer new listings could be driving some of the pullback on the buy side. A total of 2,998 new listings came onto the market in the Baltimore metro area in August, which was 3.0% lower than July and was down 2.1% from August 2024.

There has been a shift to more higher-end buyers in the market, which continues to push the median price higher. In August, the median sold price in the Baltimore metro area was $415,000, up 5.1% compared to a year ago. Detached home prices rose fastest, with the median sold price up 6.1% year-over-year.

Market activity slowed in August, which is part of a seasonal trend but also reflects the shifting housing market. The median days on market in August was 14, five days slower than last August.

Market Outlook

Mortgage rates eased in August but not enough to entice buyers into the market in the Baltimore metro area. Affordability is a growing constraint, particularly for first-time and moderateincome buyers in the region. Further rate drops and slower price growth will improve affordability and should bring more buyers into the market this fall.

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