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. SouthBMore.com will take a look at these numbers every quarter.

This overview also lists the median sale price dating back five years ago to May 2014. 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.

To note, not every South Baltimore neighborhood is tracked in Redfin’s Data Center. However, a Redfin listing search indicates that Union Square has a median sale price last month of $246,000 with a median price per sq. ft of $99. Ridgely’s Delight has a median sale price of $225,000 and a median sale price per sq. ft. of $154.

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 additionally looks at the price per sq. ft. in each of these areas. This is often a good way to compare neighborhoods’ real estate 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 number of days real estate is on the market and market inventory.

The national average for median sale price is $316,000, the national average for price per sq. ft. is $179, and national average for days on the market is 36.

SouthBMore.com compiled South Baltimore real estate stats in March 2019, December 2018, March 2018, November 2017, and May 2017. 

National home market charts

Federal Hill

Median May 2019 – $241,000; price per sq. ft. – $193; days on market – 92 

Median May  2018 – $354,000; price per sq. ft. – $242; days on market – 197

Median May 2014 – $360,000; price per sq. ft. – $227; days on market – 108

Highest Median in last 12 Months: $377,000 (Nov. 2018); days on market – 79

Highest Price Per Sq. Ft. in last 12 Months: $258 (Mar. 2018); days on market – 90

Current Inventory (homes for sale) – 31; Highest Inventory in last 12 months – 75 (May 2019)

 

Otterbein

Median May 2019 – $266,000; price per sq. ft. – $224 days on market – 117

Median May 2018 – $480,000; price per sq. ft.– $230; days on market – 120

Median May 2014 – $304,000; price per sq. ft.– $221; days on market – 97

Highest Median in last 12 Months: $480,000 (May. 2018); days on market – 120

Highest Price Per Sq. Ft. in last 12 Months: $243 (Nov. 2018); days on market – 120

Current Inventory (homes for sale) – 23; Highest Inventory in last 12 months – 26 (Oct. 2018)

South Baltimore Neighborhood

Median May 2019 – $296,000; price per sq. ft. – $201; days on market – 42

Median May 2018 – $290,000; price per sq. ft. – $193; days on market – 48

Median May 2014 – $260,000; price per sq. ft. – $222; days on market – 29

Highest Median in last 12 Months: $305,000 (Dec. 2018); days on market – 41

Highest Price Per Sq. Ft. in last 12 Months: $222 (Aug. 2018); days on market – 53

Current Inventory (homes for sale) – 61; Highest Inventory in last 12 months – 61 (July 2019)

Federal Hill South/Riverside

Median May 2019 – $299,000; price per sq. ft. – $210; days on market – 52

Median May 2018 – $317,000; price per sq. ft. – $231; days on market – 41

Median May 2014 – $280,000; price per sq. ft. – $221; days on market – 27

Highest Median in last 12 Months: $339,000 (Sep. 2018); days on market – 43

Highest Price Per Sq. Ft. in last 12 Months: $235 (July 2018); days on market – 34

Current Inventory (homes for sale) – 65; Highest Inventory in last 12 months – 77 (May 2019)

Locust Point

Median May 2019 – $359,000; price per sq. ft . – $209; days on market – 30

Median May 2018 – $415,000; price per sq. ft. – $247; days on market – 34

Median May 2014 – $363,000; price per sq. ft. – $267; days on market – 43

Highest Median in last 12 Months: $472,000 (Sep. 2018); days on market – 79

Highest Price Per Sq. Ft. in last 12 Months: $247 (May 2018); days on market – 34

Current Inventory (homes for sale) – 51; Highest Inventory in last 12 months – 52 (May 2019)

Hollins Market

Median May 2019 – $140,000; price per sq. ft. – $95; days on market – 155

Median May 2018 – $120,000; price per sq. ft. – $794; days on market – 71

Median May 2014 – $113,000; price per sq. ft. – $82; days on market – 111

Highest Median in last 12 Months: $199,000 (June 2018); days on market – 71

Highest Price Per Sq. Ft. in last 12 Months: $142 (June 2018); days on market – 71

Current Inventory (homes for sale) – 23; Highest Inventory in last 12 months – 27 (Apr. 2019)

Pigtown 

Median May 2019 – $118,000; price per sq. ft. – $94; days on market – 44

Median May 2018 – $128,000; price per sq. ft. – $109; days on market – 42

Median May 2014 – $48,000; price per sq. ft. – $47; days on market – 107

Highest Median in last 12 Months: $158,000 (Sep. 2018); days on market – 29

Highest Price Per Sq. Ft. in last 12 Months: $131 (Aug. 2018); days on market – 35

Current Inventory (homes for sale) – 60; Highest Inventory in last 12 months – 75 (Apr. 2019)

 

via https://www.southbmore.com/2019/07/17/a-look-at-south-baltimore-real-estate-market-stats-6/