FEDERAL HILL, LOCUST POINT, AND SOUTH BALTIMORE HOUSING MARKET DATA

There was an increase in total units sold in May, with 81 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 76 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 4% versus May 2024.

Versus last year, the total number of homes available this month is lower by 29 units or 13%. The total number of active inventory this May was 188 compared to 217 in May 2024. This month's total of 188 is lower than the previous month's total supply of available inventory of 216, a decrease of 13%.

Last May, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $335,000. This May, the median sale price was $310,000, a decrease of 7% or $25,000 compared to last year. The current median sold price is 6% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 2.3 months of supply available in Federal Hill, Locust Point, and South Baltimore, compared to 2.8 in May 2024. That is a decrease of 17% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 84 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 119 in May 2024, a decrease of 29%. There were 74 current contracts pending sale this May compared to 73 a year ago. The number of current contracts is 1% higher than last May.

In May, the average sale price in Federal Hill, Locust Point, and South Baltimore was 99.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 34, higher than the average last year, which was 31, an increase of 10%.





FOCUS ON: FEDERAL HILL, LOCUST POINT, AND SOUTH BALTIMORE HOUSING MARKET			MAY 2025

Zip Code(s): 21230
Units Sold 81	Active Inventory 188	Median Sale Price $310,000	Days On Market 34

Up 4% Vs. Year Ago	Down -13% Vs. Year Ago	Down -7% Vs. Year Ago	Up 10% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 81 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 76 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 4% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 29 units or 13%. The total number of active inventory this May was 188 compared to 217 in May 2024. This month's total of 188 is lower than the previous month's total supply of available inventory of 216, a decrease of 13%.
		Median Sale Price Last May, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $335,000. This May, the median sale price was $310,000, a decrease of 7% or $25,000 compared to last year. The current median sold price is 6% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 84	Current Contracts 74	Sold Vs. List Price 99.7%	Months of Supply 2.3

Down -29% Vs. Year Ago	Up 1% Vs. Year Ago	No Change Vs. Year Ago	Down -17% Vs. Year Ago


		Months of Supply In May, there was 2.3 months of supply available in Federal Hill, Locust Point, and South Baltimore, compared to 2.8 in May 2024. That is a decrease of 17% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 84 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 119 in May 2024, a decrease of 29%. There were 74 current contracts pending sale this May compared to 73 a year ago. The number of current contracts is 1% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Federal Hill, Locust Point, and South Baltimore was 99.7% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 34, higher than the average last year, which was 31, an increase of 10%.


	Federal Hill, Locust Point, and South Baltimore are defined as properties listed in zip code/s 21230.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.