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| JANUARY 2025 | |||
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| Units Sold 540 |
Active Inventory 1,890 |
Median Sale Price $215,000 |
Days On Market 48 |
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| Up 15% Vs. Year Ago |
Down -11% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 540 sold this month in Baltimore City Real Estate versus 613 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 15% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 223 units or 11%. The total number of active inventory this January was 1,890 compared to 2,113 in January 2024. This month's total of 1,890 is lower than the previous month's total supply of available inventory of 2,089, a decrease of 10%. |
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Median Sale Price
Last January, the median sale price for Baltimore City Homes was $185,000. This January, the median sale price was $215,000, an increase of 16% or $30,000 compared to last year. The current median sold price is 3% lower than in December. 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 810 |
Current Contracts 644 |
Sold Vs. List Price 100.6% |
Months of Supply 3.5 |
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| Down -9% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 0.6% Vs. Year Ago |
Down -22% Vs. Year Ago |
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Months of Supply
In January, there was 3.5 months of supply available in Baltimore City, compared to 4.5 in January 2024. That is a decrease of 22% 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. |
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New Listings & Current Contracts
This month there were 810 homes newly listed for sale in Baltimore City compared to 889 in January 2024, a decrease of 9%. There were 644 current contracts pending sale this January compared to 587 a year ago. The number of current contracts is 10% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Baltimore City was 100.6% of the average list price, which is 0.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 48, higher than the average last year, which was 42, an increase of 14%. | |||
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| *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. |
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