A Look at South Baltimore Real Estate Market Stats

| December 12, 2018 | 0 Comments

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. This overview also lists the median sale price dating back five years ago to November 2013. 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, in a Redfin listing search it does indicate that Union Square has a median sale price last month of $270,000 with a median price per sq. ft of $67. Ridgely’s Delight has a median sale price of $265,000 and a median sale price per sq. ft. of $159.

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 finally looks at the average number of days real estate is on the market.

The national average for median sale price is $137,000, the national average for price per sq. ft. is $107, and national average for days on the market is 44.

Home sales in the South Baltimore Peninsula neighborhoods are well above the national median sale price and price per sq. ft., but days on market is a bit higher in most of the neighborhoods. Pigtown comes in near the national average in all three categories. Hollins Market has a lower median sale price and median price per sq. ft., but has less days on the market than the national average.

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

Federal Hill

Median Nov. 2018$375,000; price per sq. ft. – $192; days on market – 123

Median Nov. 2017 – $220,000; price per sq. ft. – $217; days on market – 44

Median Nov. 2013 – $235,000; price per sq. ft. – $212; days on market – 19

Highest Median in last 12 Months: $385,000 (Apr. 2018); days on market – 88

Highest Price Per Sq. Ft. in last 12 Months: $261 (Mar. 2018); days on market – 112

Otterbein

Median Nov. 2018$450,000; price per sq. ft. – $243; days on market – 120

Median Nov. 2017$225,000; price per sq. ft.– $221; days on market – 101

Median Nov. 2013$235,000; price per sq. ft.– $227; days on market – 46

Highest Median in last 12 Months: $628,000 (Jan. 2018); days on market – 8

Highest Price Per Sq. Ft. in last 12 Months: $255 (Mar. 2018); days on market – 74

South Baltimore Neighborhood

Median Nov. 2018$286,000; price per sq. ft. – $210; days on market – 48

Median Nov. 2017$280,000; price per sq. ft. – $210; days on market – 57

Median Nov. 2013$270,000; price per sq. ft. – $204; days on market – 28

Highest Median in last 12 Months: $305,000 (Jul. 2018); days on market – 43

Highest Price Per Sq. Ft. in last 12 Months: $173 (Aug. 2018); days on market – 60

Federal Hill South/Riverside

Median Nov. 2018$317,000; price per sq. ft. – $214; days on market – 53

Median Nov. 2017$345,000; price per sq. ft. – $227; days on market – 46

Median Nov. 2013$280,000; price per sq. ft. – $222; days on market – 32

Highest Median in last 12 Months: $358,000 (Dec. 2017); days on market – 51

Highest Price Per Sq. Ft. in last 12 Months: $240 (July 2018); days on market – 35

Locust Point

Median Nov. 2018 $389,000; price per sq. ft . – $230; days on market – 48

Median Nov. 2017$415,000; price per sq. ft. – $249; days on market – 23

Median Nov. 2013$341,000; price per sq. ft. – $206; days on market – 46

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

Highest Price Per Sq. Ft. in last 12 Months: $276 (Mar. 2018); days on market – 49

Hollins Market

Median Nov. 2018$120,000; price per sq. ft. – $80; days on market – 42

Median Nov. 2017$76,000; price per sq. ft. – $67; days on market – 63

Median Nov. 2013$137,000; price per sq. ft. – $85; days on market – 79

Highest Median in last 12 Months: $179,000 (June 2018); days on market – 45

Highest Price Per Sq. Ft. in last 12 Months: $131 (June 2018); days on market – 45

Pigtown 

Median Nov. 2018$137,000; price per sq. ft. – $107; days on market – 43

Median Nov. 2017$133,000; price per sq. ft. – $119; days on market – 44

Median Nov. 2013$61,000; price per sq. ft. – $69; days on market – 79

Highest Median in last 12 Months: $157,000 (Sep. 2018); days on market – 19

Highest Price Per Sq. Ft. in last 12 Months: $131 (July 2018); days on market – 34

Median Sale Price Chart since November of 2015

Median Sale Price Chart since November of 2017

Median Days on Market since November of 2017

Median Sale Price Per Square Foot since November of 2017

About the Author:

Creator of SouthBmore.com and resident of SoBo. Graduate of Towson University and owner of Incept Multimedia, a full service video production company. Diehard Ravens and O's fan, beach volleyball enthusiast, dog lover and "bar food" foodie. Email me at [email protected] and follow me on Twitter at @SoBoKevin.
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