A Look at South Baltimore Real Estate Market Stats

The following is an overview of the median real estate sale price over the past year for the different South Baltimore neighborhoods covered by Redfin. Each median statistic calculated by Redfin is from a 90-day period that ends on the last day of the stated month. The median sale price is the sale price in the middle of the data set when all the sale prices are arranged from low to high.

(Note: Not every South Baltimore neighborhood is tracked in Redfin’s Data Center. However, in a Redfin listing search it does indicate that Union Square has a median list price of $186,000 with a median list price per sq. ft of $88. Ridgely’s Delight has a median sale price of $198,000 and a median sale price per sq. ft. of $206.)

As highlighted in SouthBMore.com’s coverage of South Baltimore real estate, individuals can find properties listed for less than $250,000 and near or more than $1,000,000 in many of these neighborhoods.

The following overview also looks at the price per sq. ft. in each of these areas. This is often a good way to compare neighborhoods and get a better look at overall value and market trends. Many neighborhoods have a wide variety of home sizes.

The overview additionally looks at the average amount of days real estate is on the market.

The national average for price per sq. ft. is $168. The South Baltimore Peninsula neighborhoods are well above this price, however the SoWeBo neighborhoods are below this average.

The national average for days on market is 53 days. Every neighborhood, other than Federal Hill and Locust Point, is currently below this number.

Federal Hill

Median Feb. 2018 – $247,000; price per sq. ft. – $174; days on market – 90

Median Feb. 2017 – $384,000; price per sq. ft. – $237; days on market – 29

Highest Median in last 12 Months: $384,000 (Feb. 2017); days on market – 29

Highest Price Per Sq. Ft. in last 12 Months: $247 (Oct. 2017); days on market – 51

Otterbein

Median Feb. 2018 – $496,000; price per sq. ft. – $255; days on market – 43

Median Feb. 2017 – $288,000; price per sq. ft.– $224; days on market – 90

Highest Median in last 12 Months: $496,000 (Feb. 2018); days on market – 43

Highest Price Per Sq. Ft. in last 12 Months: $255 (Feb. 2018); days on market – 43

South Baltimore Neighborhood

Median Feb. 2018 – $250,000; price per sq. ft. – $215; days on market – 49

Median Feb. 2017 – $266,000; price per sq. ft. – $193; days on market – 83

Highest Median in last 12 Months: $313,000 (Aug. 2017); days on market – 22

Highest Price Per Sq. Ft. in last 12 Months: $224 (May 2017); days on market – 22

Federal Hill South/Riverside

Median Feb. 2018 – $279,000; price per sq. ft. – $225; days on market – 50

Median Feb. 2017 – $310,000; price per sq. ft. – $222; days on market – 29

Highest Median in last 12 Months: $327,000 (June 2017); days on market – 28

Highest Price Per Sq. Ft. in last 12 Months: $253 (July 2017); days on market – 28

Locust Point

Median Feb. 2018 – $425,000; price per sq. ft . – $276; days on market – 71

Median Feb. 2017 – $360,000; price per sq. ft. – $255; days on market – 51

Highest Median in last 12 Months: $425,000 (Feb. 2018); days on market – 71

Highest Price Per Sq. Ft. in last 12 Months: $276 (Jan. and Feb. 2018); days on market – 40 & 71

Hollins Market

Median Feb. 2018 – $52,000; price per sq. ft. – $79; days on market – 39

Median Feb. 2017 – $87,000; price per sq. ft. – $77; days on market – 55

Highest Median in last 12 Months: $105,000 (Sept. 2017); days on market – 63

Highest Price Per Sq. Ft. in last 12 Months: $79 (Feb. 2018); days on market – 39

Pigtown 

Median Feb. 2018 – $142,000; price per sq. ft. – $117; days on market – 42

Median Feb. 2017 – $91,000; price per sq. ft. – $73; days on market – 46

Highest Median in last 12 Months: $147,000 (July 2017); days on market – 49

Highest Price Per Sq. Ft. in last 12 Months: $119 (July and Nov. 2017); days on market – 49 & 38

via http://www.southbmore.com/2018/03/26/a-look-at-south-baltimore-real-estate-market-stats-3/