December 12, 2018 - Baltimore by the Numbers
Sales prices set to continue upward trend
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 home prices slightly decreased by 5.1 percent in November to $160,298 when compared to November 2017 when average prices were $168,920, according to MRIS numbers released this week. Although sales volume is down slightly year over year in strong, top-tier markets, the sale prices are at historic highs and remain on track to close the year higher than any of the past eight years except 2017.
Additionally, both the price and number of sales in the middle market neighborhoods appear to be trending upwards.
Neighborhoods of Note
Middle-market neighborhoods continue to show gains throughout Baltimore City. The Belair-Edison neighborhood is seeing continued investment on par with top-market neighborhoods like Canton. McElderry Park also posted strong sales numbers this month while Greektown and Washington Village/Pigtown continue to be popular choices for homebuyers.
Top Neighborhoods by November Sales
McElderry Park: 12
Patterson Park Neighborhood: 12
Coldstream Homestead Montebello: 11
Washington Village/Pigtown: 10
Hamilton Hills: 10