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Baltimore City Wire

Thursday, April 25, 2024

Baltimore home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Baltimore rose by $500 while total sales decreased by 43.7%, according to BlockShopper.com.

From January through March of 2018, there were 1,329 homes sold, with a median sale price of $90,000 - a 0.6% increase over the $89,500 median sale price for the same period of the previous year. There were 2,359 homes sold in Baltimore in the first quarter of 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 2.8%.

The following table compares Baltimore to other Baltimore city County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Towson16-83.3%$585,000$130,000350%
Parkville14-75%$129,000$141,000-8.5%
Dundalk310-70%$98,010$81,50020.3%
Baltimore1,3292,359-43.7%$90,000$89,5000.6%
Pikesville220%$85,250$102,190-16.6%
Rosedale31200%$65,000$59,00010.2%

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