Your Maryland Real Estate Specialists

Baltimore County Real Estate Market Update

Get the Winning Edge with Grant, Weston, & Jim Bim

Baltimore County buyers have 25% more homes to choose from than last year, and prices have barely moved.

New listings jumped in October while closed sales fell 30%, yet the average sold price stayed essentially flat. Things are changing, but the market is still very stable. Homes are still selling, and buyers have choices.

Baltimore County By The Numbers

Year Over Year

▲ 25%

New Listings

1,019 homes came to market vs. 818 last October

▼ 30%

Closed Sales

499 homes sold vs. 711 last October

Steady

Average Sold Price

Essentially unchanged from last year

20 Days

Median Days on Market

For well-priced homes, vs. a market average of 46 days

This Month's Big Winners

Top Overall Market — Units

ZIP Code 21222

ZIP code 21222 led Baltimore County in October with 46 closed sales, while Baltimore-addressed homes as a whole recorded 195 closings.

Top Luxury Market

Owings Mills & Cockeysville

Owings Mills and Cockeysville tied for the top luxury market with 5 closed sales each, a sign the luxury market is still strong in both areas.

What This Means If You're Selling

Sellers who price their homes properly are selling in a median of about 20 days and getting great prices. Those who price a little high are sitting, becoming stale, and pushing the market average up to 46 days.

The key is getting the right advice and pricing from current data. Comparables from six or more months ago are basically useless in today's market, so make sure your price reflects what's happening right now.

What This Means If You're Buying

With 25% more homes coming to market than last year, you have real choices in Baltimore County right now.

Keep an eye on homes that have been sitting. Overpriced listings that go stale are where buyers are getting great purchases. Well-priced homes still move in about three weeks, so be ready when the right one comes along.

Ready to Make a Move in Baltimore County?

Whether you're buying or selling in Owings Mills, Cockeysville, or anywhere else in Baltimore County, we'll guide you through this transition to a normal market so you can be the big winner in your transaction.

Call 410-461-2800

Grant Bim, Weston Bim & Jim Bim — Winning Edge Real Estate

Welcome to Winning Edge Real Estate a Family Owned and Operated Real Estate Brokerage where Winning Matters. We serve all of your real estate needs in and around the Baltimore / Washington Corridor. The Company is run by Jim Bim, Broker of Record, his son's Grant Bim and Weston Bim are Sales people within the company. Jim, Grant and Weston work to help their Sellers & Buyers accomplish their real estate goals while the Office Manager, Valerie Bim, and our Assistant, Kimberly make sure that homes go from "FOR SALE" to "SOLD" smoothly while making sure to keep you informed every step of the way. As real estate specialists we are experts in representing both home Sellers and home Buyers. We can help with general residential home / town home / condo resale, new homes, custom home construction, land sale, sub dividing acreage, as well as investment property. We are very knowledgeable of Howard County, Maryland as we have lived in the area for 40+ years. Due to our clients moving throughout the state, we also are very knowledgeable of Anne Arundel County, Carroll County, Frederick County, Baltimore County and Montgomery County. We actively work on a daily basis in areas that include: Fulton, Ellicott City, Columbia, Mount Airy, Clarksville, Woodstock, Jessup, Marriottsville, Glenelg, Glenwood, West Friendship, and everywhere in between. We also service Western Baltimore County which includes Arbutus, Halethorpe, Catonsville, Owings Mills and Reisterstown. We provide a free Maryland Real Estate search where we feature Howard County, Carroll County, Baltimore County, and Anne Arundel County real estate that will allow you to find homes, condos, townhomes, new homes, luxury homes, or even acreage, lots, or investment properties. Do you want to invest for your future, but you are not sure how to make the leap to become a real estate investor? We can help you find the right money making property, rent your property, and manage your property. If you have the desire to be a real estate investor, then we have the knowledge and know how to get you to real estate investor success. Quick Stats/Highlights: 100% of asking price (average) 63+ active listings Serving: 8 Maryland counties Hundreds of 5-star reviews