Is South Baltimore, 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, South Baltimore was a Seller's Market.
Key Takeaway
South Baltimore is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Baltimore, MD
How much do homes in South Baltimore, MD cost?
Median Sold Price
$364,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Baltimore have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in South Baltimore was $364,000 in April 2024, up 14.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $172.4K | -23.4% |
| 2 Bedrooms | $283K | $315K | +11.3% |
| 3 Bedrooms | $370K | $404K | +9.2% |
| 4 Bedrooms | $551.5K | $515K | -6.6% |
| 5+ Bedrooms | $477K | - | N/A |
Summary: South Baltimore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Baltimore | $318.1K | $364K | +14.4% |
| South | $282.7K | $300.9K | +6.4% |
| Riverside | $384K | $368.7K | -4.0% |
| Federal Hill | $370K | $315K | -14.9% |
Housing Supply in South Baltimore, MD
How many homes are available in South Baltimore, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Summary: The South Baltimore real estate market had 40 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Baltimore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Baltimore, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in South Baltimore in April 2024, down by 60.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for South Baltimore, MD
How long does it take to sell a home in South Baltimore, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 29 Days | +0.8% |
Summary: Homes in South Baltimore had an average of 29 days on market in Apr 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Baltimore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in South Baltimore; 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.
