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

There was an increase in total units sold in March, with 57 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 52 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 24% versus March 2024.

Versus last year, the total number of homes available this month is higher by 17 units or 10%. The total number of active inventory this March was 194 compared to 177 in March 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 204, a decrease of 5%.

Last March, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $330,000. This March, the median sale price was $350,000, an increase of 6% or $20,000 compared to last year. The current median sold price is 10% higher than in February.

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

In March, there was 3.4 months of supply available in Federal Hill, Locust Point, and South Baltimore, compared to 2.4 in March 2024. That is an increase of 44% 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 103 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 102 in March 2024, an increase of 1%. There were 75 current contracts pending sale this March compared to 78 a year ago. The number of current contracts is 4% lower than last March.

In March, the average sale price in Federal Hill, Locust Point, and South Baltimore was 99.4% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 31, an increase of 16%.





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

Zip Code(s): 21230
Units Sold 57	Active Inventory 194	Median Sale Price $350,000	Days On Market 36

Down -24% Vs. Year Ago	Up 10% Vs. Year Ago	Up 6% Vs. Year Ago	Up 16% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 57 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 52 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 24% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 10%. The total number of active inventory this March was 194 compared to 177 in March 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 204, a decrease of 5%.
		Median Sale Price Last March, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $330,000. This March, the median sale price was $350,000, an increase of 6% or $20,000 compared to last year. The current median sold price is 10% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 103	Current Contracts 75	Sold Vs. List Price 99.4%	Months of Supply 3.4

Up 1% Vs. Year Ago	Down -4% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 44% Vs. Year Ago


		Months of Supply In March, there was 3.4 months of supply available in Federal Hill, Locust Point, and South Baltimore, compared to 2.4 in March 2024. That is an increase of 44% 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 103 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 102 in March 2024, an increase of 1%. There were 75 current contracts pending sale this March compared to 78 a year ago. The number of current contracts is 4% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Federal Hill, Locust Point, and South Baltimore was 99.4% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 31, an increase of 16%.


	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.