$5,047 Closing Credit*
$425,000
5,100 SqFt
6 Beds
•4 Full Baths
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is Federal Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Federal Hill has remained a Seller's Market.
Key Takeaway
Federal Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Federal Hill, MD
How much do homes in Federal Hill, MD cost?
Median Sold Price
$320,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-7.2%)
Key Takeaway
Homes in Federal Hill have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Federal Hill was $320,000 in October 2024, down 7.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $194K | +4.9% |
| 2 Bedrooms | $272.5K | $300K | +10.1% |
| 3 Bedrooms | $412.5K | $399.5K | -3.2% |
| 4 Bedrooms | $511.2K | $557K | +8.9% |
| 5+ Bedrooms | $530K | $750K | +41.5% |
Summary: Federal Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 10.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 41.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Otterbein | $302.1K | $350K | +15.8% |
| Federal Hill | $345K | $320K | -7.2% |
Housing Supply in Federal Hill, MD
How many homes are available in Federal Hill, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Federal Hill real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Federal Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Federal Hill, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Federal Hill in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Federal Hill, MD
How long does it take to sell a home in Federal Hill, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 29 Days | -17.1% |
Summary: Homes in Federal Hill had an average of 29 days on market in Oct 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Federal Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Federal Hill; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
