$2,672 Closing Credit*
$225,000
596 SqFt
1 Bed
•1 Full Bath
Holly D Winfield, Listing Office: Monument Sotheby's International Realty
Is Inner Harbor, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$475,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,500(+13.5%)
Key Takeaway
Homes in Inner Harbor have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Inner Harbor was $475,000 in October 2024, up 13.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $285K | 0.0% |
| 2 Bedrooms | $453.3K | $440K | -3.0% |
| 3 Bedrooms | $520K | $815K | +56.7% |
| 4 Bedrooms | $785K | $840K | +7.0% |
| 5+ Bedrooms | - | $850K | N/A |
Summary: Inner Harbor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 56.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Inner Harbor | $418.5K | $475K | +13.5% |
| Federal Hill | $345K | $320K | -7.2% |
Housing Supply in Inner Harbor, MD
How many homes are available in Inner Harbor, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Inner Harbor real estate market had 47 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Inner Harbor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 13%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
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 Inner Harbor, 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 Inner Harbor in October 2024, down by 40.0% 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 Inner Harbor, MD
How long does it take to sell a home in Inner Harbor, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 54 Days | +17.3% |
Summary: Homes in Inner Harbor had an average of 54 days on market in Oct 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 October 2024, 3 homes were sold in Inner Harbor; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
