DataIndustry News

A quick look at the Baltimore summer housing market

There's no shortage of affordable condos in the Baltimore area this summer
  • Homes in the city of Baltimore spent an average of 104 days on the market in June.
  • The average home price for single-family homes in Baltimore County was $260,823 in June.
  • There were 3,222 active listings for condos price under $300,000 in Baltimore in June.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

For the month of June, Baltimore County and the city of Baltimore's housing market saw a lot of slow moving condos and single-family homes, according to Tim Montoya, a Realtor with Long & Foster Real Estate. Although not off trend, homes generally sat for a longer time before getting purchased than the previous month. Single-family homes listed under $500,000 in the city of Baltimore had an average price of $210,066. This is roughly $50,000 less than the average price for homes in all of Baltimore County given the same price criteria, according to Montoya's data. Homes priced over $500,000 saw an average home price of $871,624 in the county, while that price dropped to $823,384 in the city limits. Both average prices represent less than a 1 percent decrease from the month prior. The median price for single-family homes was slightly less, at $244,900. In the category over $500,000, the median price was $685,000 for the month of June. Both of these categories of homes a...