Baltimore Metro Housing Market Report –June 2025

Home prices hit a new record high in June in the Baltimore metro area. The median sold price last month was $425,000, which is 3.0% higher than a year ago and a new high for the region. Median sold prices of detached homes and townhomes were both records in June, while condo prices remained below recent highs. Sales were stronger than a year ago, largely because 7% mortgage rates depressed last June’s closed sales number. There were 3,076 closed sales in the Baltimore region, up 5.9% year-over-year. The number of new pending sales was also up slightly, gaining 1.3% compared to last June. The number of new listings coming onto the market continues to be limited. In June, there were 3,211 new listings across the Baltimore metro area, a 1.0% decline from last year. However, there was a lot of variation across the region, with new listings up strongly in Carroll County and down significantly in Harford County.

 

 

Despite the new record high home price, housing market activity in the Baltimore region is generally tracking at or below last year’s level. Showing activity in June was down 0.7% compared to last year, reflecting buyers’ hesitation amidst elevated mortgage rates, high home prices, and economic uncertainty. Mortgage rates will remain in the high-6 percent range throughout the summer which will mean a continued sluggish housing market in the Baltimore metro area.

 

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