$4,441 Closing Credit*
$374,000
1,605 SqFt
4 Beds
•3 Full Baths, 1 Partial
Michael Turner, Listing Office: Keller Williams Realty Centre
Is South Baltimore, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, South Baltimore has remained a Seller's Market.
Key Takeaway
South Baltimore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Baltimore, MD
How much do homes in South Baltimore, MD cost?
Median Sold Price
$362,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,500(+4.8%)
Key Takeaway
Homes in South Baltimore have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in South Baltimore was $362,500 in December 2024, up 4.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $205K | +10.8% |
| 2 Bedrooms | $318K | $285K | -10.4% |
| 3 Bedrooms | $393.5K | $405.5K | +3.0% |
| 4 Bedrooms | $479K | $515K | +7.5% |
| 5+ Bedrooms | $477K | - | N/A |
Summary: South Baltimore housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South | $285.9K | $304.5K | +6.5% |
| South Baltimore | $346K | $362.5K | +4.8% |
| Riverside | $375K | $385K | +2.7% |
| Federal Hill | $340K | $340K | 0.0% |
Housing Supply in South Baltimore, MD
How many homes are available in South Baltimore, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The South Baltimore real estate market had 43 homes for sale in December 2024, a 10.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Baltimore housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Baltimore, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in South Baltimore in December 2024, up by 55.6% month-over-month. Of the 14 sold homes, 21% were sold under asking, 50% were sold at asking, and 29% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 36 Days | -17.8% |
Summary: Homes in South Baltimore had an average of 36 days on market in Dec 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 December 2024, 14 homes were sold in South Baltimore; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
