Is Baldwin, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Baldwin has remained a Seller's Market.
Key Takeaway
Baldwin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin, MD
How much do homes in Baldwin, MD cost?
Median Sold Price
$550,000
$246/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Baldwin have sold for 43.6% less than they did a month ago.
Summary: The median home sold price in Baldwin was $550,000 in June 2024, down 43.6% from last month, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $493.1K | N/A |
| 4 Bedrooms | $1.0M | $649.9K | -35.0% |
| 5+ Bedrooms | $760K | $530K | -30.3% |
Summary: Baldwin housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 35%, and 5+ bedroom homes decreased by 30.3%.
Housing Supply in Baldwin, MD
How many homes are available in Baldwin, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The Baldwin real estate market had 23 homes for sale in June 2024, a 15.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Baldwin housing inventory by bedroom type for June 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 50%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Baldwin in June 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% 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 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | +4.8% |
Summary: Homes in Baldwin had an average of 13 days on market in Jun 2024, up by 4.8% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baldwin are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 8 homes were sold in Baldwin; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
