Is Baldwin, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Baldwin was a Seller's Market.
Housing Prices in Baldwin, MD
How much do homes in Baldwin, MD cost?
Median Sold Price
$664,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baldwin was $664,000 in May 2024, up 5.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $389K | $212.5K | -45.4% |
3 Bedrooms | $550K | $460K | -16.4% |
4 Bedrooms | $644.7K | $664K | +3.0% |
5+ Bedrooms | $803.5K | $885K | +10.1% |
Summary: Baldwin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45.4%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Baldwin | $630K | $664K | +5.4% |
Phoenix | $700K | $731.2K | +4.5% |
Kingsville | $550K | $547.5K | -0.5% |
Fallston | $545K | $530K | -2.8% |
Housing Supply in Baldwin, MD
How many homes are available in Baldwin, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Summary: The Baldwin real estate market had 23 homes for sale in May 2024, a 53.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 7 | +600.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Baldwin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 600%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Baldwin in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Baldwin, MD
How long does it take to sell a home in Baldwin, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 11 Days | +84.0% |
Summary: Homes in Baldwin had an average of 11 days on market in May 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Baldwin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.