Is East Baltimore Midway, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, East Baltimore Midway was a Seller's Market.
Key Takeaway
East Baltimore Midway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Baltimore Midway, MD
How much do homes in East Baltimore Midway, MD cost?
Median Sold Price
$20,000
$17/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in East Baltimore Midway have sold for 69.2% less than they did a month ago.
Summary: The median home sold price in East Baltimore Midway was $20,000 in April 2024, down 69.2% from last month, and the median price per square foot was $17.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $16.5K | -72.5% |
| 3 Bedrooms | $70K | $92.5K | +32.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: East Baltimore Midway housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 72.5%, 3 bedroom homes increased by 32.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Darley Park | $136.5K | $146.5K | +7.3% |
| East Baltimore Midway | $65K | $20K | -69.2% |
Housing Supply in East Baltimore Midway, MD
How many homes are available in East Baltimore Midway, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The East Baltimore Midway real estate market had 27 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The East Baltimore Midway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Baltimore Midway, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Baltimore Midway in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for East Baltimore Midway, MD
How long does it take to sell a home in East Baltimore Midway, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 35 Days | -51.3% |
Summary: Homes in East Baltimore Midway had an average of 35 days on market in Apr 2024, down by 51.3% compared to last month.
Breakdown of Home Sale Times
2 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 East Baltimore Midway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in East Baltimore Midway; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
