In November, home prices fell substantially from the month before, with a median listing price of $240,000.
The number of listings on the market remained practically unchanged from last month, which is typical for this time of the year in Baltimore, and homes are also selling close to the same pace as the same time last year.
Home prices in Baltimore
Typically, home price per square foot in Baltimore tend to fall in November. And the most recent data shows that the price per square foot decreased by 2.8% 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 larger the national market.
Baltimore inventory
In November, there were 3,002 homes for sale in Baltimore, which was 1.0% less than the month before and 32.5% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Baltimore take an average of 51 days to sell, according to November figures.
This is three days more than the previous month and one day more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
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.