In August, home prices rose slightly from the month before, with a median listing price of $245,000.
The number of listings on the market grew 3.5% from last month, which is typical for this time of the year in Baltimore, and homes are also selling faster than at the same time last year.
Home prices in Baltimore
Typically, home price per square foot in Baltimore tend to fall in August. But the most recent data shows that the price per square foot increased by 0.3% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Charm City are outpacing the national market.
Baltimore inventory
In August, there were 2,714 homes for sale in Baltimore, which was 3.5% more than the month before and 37.2% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
Time on market
Homes in Baltimore take an average of 44 days to sell, according to August figures.
This is one day more than the previous month and five days less than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Baltimore, MD.