Baltimore's unique public market system dates back to 1763 when the first market was erected at Gay and Baltimore Streets with funds raised through a lottery. Eleven markets eventually encircled the heart of the city, each serving a distinct neighborhood and clientele.

Broadway Market was established in 1784 to serve the bustling waterfront community of Fells Point, which at that time rivaled Baltimore Town in Commercial prosperity and population.

In 1797, when the Masons wanted to erect a lodge on the market place, a city ordinance was passed requiring that the market be moved to the center of the street. A market house has stood there ever since.

Several structures have succeeded the original one. The present market, built in 1864, was formerly topped with a spacious second story hall that was used for social and civic affairs. After a fire damaged the building in the 1960s, the second story of removed.

The market traditionally served the sailors and immigrants who inhabited Fells Point. Many of the stalls today have been operated by the same family for four or five generations.