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Saturday, November 16, 2024

Baltimore home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Baltimore fell by $833 while total sales increased by 38.8%, according to BlockShopper.com.

In October 2018, there were 759 homes sold, with a median sale price of $103,500 - a 0.8% decrease over the $104,333 median sale price for the same period of the previous year. There were 547 homes sold in Baltimore in October 2017.

The median sales tax in Baltimore for 2018 was $2,487. In 2017, the median sales tax was $2,463. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Baltimore to other Baltimore city County cities in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Towson61500%$260,500$84,034210%
Rosedale20-$145,000$0-
Dundalk51400%$106,500$200,000-46.8%
Baltimore75954738.8%$103,500$104,333-0.8%
Pikesville30-$81,000$0-
Parkville00-$0$0-

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