$3,859 Closing Credit*
$325,000
2,508 SqFt
4 Beds
•2 Full Baths, 1 Partial
David A Curtin, Listing Office: Cummings & Co. Realtors
Is Federal Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Federal Hill was a Seller's Market.
Key Takeaway
Federal Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Federal Hill, MD
How much do homes in Federal Hill, MD cost?
Median Sold Price
$315,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$32,500(-9.4%)
Key Takeaway
Homes in Federal Hill have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in Federal Hill was $315,000 in November 2024, down 9.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $194K | +10.9% |
| 2 Bedrooms | $287.5K | $292.5K | +1.7% |
| 3 Bedrooms | $400K | $399.5K | -0.1% |
| 4 Bedrooms | $597.5K | $550K | -7.9% |
| 5+ Bedrooms | $530K | $750K | +41.5% |
Summary: Federal Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 41.5%.
Housing Supply in Federal Hill, MD
How many homes are available in Federal Hill, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The Federal Hill real estate market had 26 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Federal Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Federal Hill in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +35.8% |
Summary: Homes in Federal Hill had an average of 36 days on market in Nov 2024, up by 35.8% compared to last year.
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 Federal Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Federal Hill; 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.
