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FOCUS ON: FEDERAL HILL, LOCUST POINT, AND SOUTH BALTIMORE HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 21230 |
Units Sold
63 |
Active Inventory
181 |
Median Sale Price
$355,000 |
Days On Market
44 |
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Down -16%
Vs. Year Ago |
Down -13%
Vs. Year Ago |
Up 11%
Vs. Year Ago |
Up 29%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 63 sold this month in Federal Hill, Locust Point, and South Baltimore Real Estate versus 83 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 16% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 28 units or 13%. The total number of active inventory this June was 181 compared to 209 in June 2024. This month's total of 181 is lower than the previous month's total supply of available inventory of 211, a decrease of 14%.
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Median Sale Price
Last June, the median sale price for Federal Hill, Locust Point, and South Baltimore Homes was $320,000. This June, the median sale price was $355,000, an increase of 11% or $35,000 compared to last year. The current median sold price is 15% higher than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
81 |
Current Contracts
74 |
Sold Vs. List Price
99.5% |
Months of Supply
2.9 |
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Down -18%
Vs. Year Ago |
Down -3%
Vs. Year Ago |
No Change
Vs. Year Ago |
No Change
Vs. Year Ago |
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Months of Supply
In June, there was 2.9 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.
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New Listings & Current Contracts
This month there were 81 homes newly listed for sale in Federal Hill, Locust Point, and South Baltimore compared to 99 in June 2024, a decrease of 18%. There were 74 current contracts pending sale this June compared to 76 a year ago. The number of current contracts is 3% lower than last June.
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Sale Price to List Price Ratio
In June, the average sale price in Federal Hill, Locust Point, and South Baltimore was 99.5% 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 44, higher than the average last year, which was 34, an increase of 29%.
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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. |