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Baltimore City Wire

Thursday, November 7, 2024

Baltimore City home prices fell in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Baltimore City fell by $10,000 while total sales decreased by 23%.

From July through December of 2022, there were 6,694 homes sold, with a median sale price of $150,000 - a 6.3% decrease from the $160,000 median sale price for the same period of the previous year. There were 8,696 homes sold in Baltimore City in the second half of 2021.

The median sales tax in Baltimore City for the most recent year with available data, 2018, was $2,496 approximately 1.7% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Baltimore City from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$160000$160000$144500$144500$150000$150000

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