April 29, 2019 - Baltimore by the Numbers
Baltimore City sees greatest price gains in the metro region year-to-date
Welcome to our Baltimore by the Numbers monthly update. This feature offers unique insight into the Baltimore City housing market — giving a hyperlocal take on what’s happening and paring down “regional” reports that include far away suburbs (nothing like the city market).
Baltimore City median sales prices have seen the greatest year-over-year price gains in the metro region year-to-date. Average prices increased 6.6 percent in March to $163,595.
With 1,651 closed sales, a decline of 15.6 percent compared to last year, year-over-year closed sales have continued to decrease in line with other areas in the region overall. A few Baltimore City neighborhoods did see increases, including neighborhoods with some of the highest median sale prices along the waterfront, on the South Baltimore peninsula and in North Baltimore.
Meanwhile, prices in the Baltimore Metro area have generally increased since December 2015 with similar gains in Baltimore City.
While listings and inventory are down overall, pending sales are up and neighborhoods such as Canton, Hampden and Riverside remain popular for buyers while interest in Frankford, Belair Edison, Glenham-Belhar also keeps rising.
“Baltimore City has the greatest price gains in the metro region year-to-date and this is great news for our neighborhoods,” said Live Baltimore Executive Director Annie Milli. “This is exactly where you want to be at this point in the buying season, just as the spring market heats up.”
Top 10 Neighborhoods by Count Citywide
Washington Village/Pigtown: 12
Belair Edison: 11
South Baltimore: 11
Upper Fells Point: 10