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

There was an increase in total units sold in April, with 77 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 60 last month, an increase of 28%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 5%. The total number of active inventory this April was 190 compared to 200 in April 2024. This month's total of 190 is lower than the previous month's total supply of available inventory of 214, a decrease of 11%.

Last April, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $335,000. This April, the median sale price was $330,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 8% lower than in March.

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

In April, there was 2.5 months of supply available in Federal Hill, Locust Point, and South Baltimore. The amount of supply is similar compared to 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 92 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 117 in April 2024, a decrease of 21%. There were 85 current contracts pending sale this April compared to 73 a year ago. The number of current contracts is 16% higher than last April.

In April, the average sale price in Federal Hill, Locust Point, and South Baltimore was 100.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 35, higher than the average last year, which was 27, an increase of 30%.





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

Zip Code(s): 21230
Units Sold 77	Active Inventory 190	Median Sale Price $330,000	Days On Market 35

Down -7% Vs. Year Ago	Down -5% Vs. Year Ago	Down -1% Vs. Year Ago	Up 30% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 77 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 60 last month, an increase of 28%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 5%. The total number of active inventory this April was 190 compared to 200 in April 2024. This month's total of 190 is lower than the previous month's total supply of available inventory of 214, a decrease of 11%.
		Median Sale Price Last April, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $335,000. This April, the median sale price was $330,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 8% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 92	Current Contracts 85	Sold Vs. List Price 100.3%	Months of Supply 2.5

Down -21% Vs. Year Ago	Up 16% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 2.5 months of supply available in Federal Hill, Locust Point, and South Baltimore. The amount of supply is similar compared to 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 92 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 117 in April 2024, a decrease of 21%. There were 85 current contracts pending sale this April compared to 73 a year ago. The number of current contracts is 16% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Federal Hill, Locust Point, and South Baltimore was 100.3% 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 35, higher than the average last year, which was 27, an increase of 30%.


	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.