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Baltimore City Wire

Saturday, November 23, 2024

Baltimore City home prices fall in January 2023 compared to January 2022

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In January 2023, the median sale price of a home in Baltimore City fell by $85,100 from the same period in the previous year, while total sales decreased by 98.2%, according to BlockShopper.com.

Data shows that there were 23 homes sold in January 2023, with a median sale price of $89,900 - a 48.6% decrease from the $175,000 median sale price for the same period of the previous year. There were 1,288 homes sold in Baltimore City in January 2022.

For context, the median sales tax in Baltimore City, based on the latest available data from 2018, was $2,496, which stands at 2.8% of January 2023's median home sale price.

The following histogram displays changes in median sales prices in Baltimore City from January 2022 to January 2023.

January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023$175,000$175,000$150,000$150,000$95,000$95,000$135,000$135,000$135,000$135,000$132,500$132,500$155,000$155,000$164,000$164,000$145,500$145,500$126,960$126,960$140,000$140,000$65,000$65,000$89,900$89,900

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