$3,563 Closing Credit*
$300,000
924 SqFt
3 Beds
•1 Full Bath
Darren Rogers Franklin, Listing Office: Coldwell Banker Realty
Is South Baltimore, 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, South Baltimore was a Buyer'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
$352,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.7%)
Key Takeaway
Homes in South Baltimore have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in South Baltimore was $352,500 in October 2024, up 0.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $210K | +13.5% |
| 2 Bedrooms | $325K | $280K | -13.8% |
| 3 Bedrooms | $392K | $400.2K | +2.1% |
| 4 Bedrooms | $479K | $525K | +9.6% |
| 5+ Bedrooms | $477K | - | N/A |
Summary: South Baltimore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South | $283.3K | $300.2K | +6.0% |
| Riverside | $370K | $388K | +4.9% |
| South Baltimore | $350K | $352.5K | +0.7% |
| Federal Hill | $345K | $320K | -7.2% |
Housing Supply in South Baltimore, MD
How many homes are available in South Baltimore, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 55 | +27.9% |
Summary: The South Baltimore real estate market had 55 homes for sale in October 2024, a 27.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The South Baltimore 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 increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Baltimore, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in South Baltimore in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 17 Days | -26.5% |
Summary: Homes in South Baltimore had an average of 17 days on market in Oct 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
7 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 South Baltimore are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in South Baltimore; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
