Is Inner Harbor, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Inner Harbor was a Seller's Market.
Key Takeaway
Inner Harbor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Inner Harbor, MD
How much do homes in Inner Harbor, MD cost?
Median Sold Price
$450,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Inner Harbor have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Inner Harbor was $450,000 in April 2024, up 12.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $285K | -3.4% |
| 2 Bedrooms | $438.8K | $440K | 0.3% |
| 3 Bedrooms | $850K | $650K | -23.5% |
| 4 Bedrooms | $620K | $815K | +31.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Inner Harbor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Inner Harbor | $400K | $450K | +12.5% |
| Federal Hill | $370K | $315K | -14.9% |
Housing Supply in Inner Harbor, MD
How many homes are available in Inner Harbor, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 51 | +15.9% |
Summary: The Inner Harbor real estate market had 51 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Inner Harbor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inner Harbor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Inner Harbor in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Inner Harbor, MD
How long does it take to sell a home in Inner Harbor, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 103 Days | 29 Days | -72.0% |
Summary: Homes in Inner Harbor had an average of 29 days on market in Apr 2024, down by 72% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Inner Harbor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Inner Harbor; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
