For the month of June, Baltimore County and the city of Baltimore’s housing market saw a lot of slow moving condos and single-family homes, according to Tim Montoya, a Realtor with Long & Foster Real Estate.
Although not off trend, homes generally sat for a longer time before getting purchased than the previous month.
Single-family homes listed under $500,000 in the city of Baltimore had an average price of $210,066. This is roughly $50,000 less than the average price for homes in all of Baltimore County given the same price criteria, according to Montoya’s data. Homes priced over $500,000 saw an average home price of $871,624 in the county, while that price dropped to $823,384 in the city limits. Both average prices represent less than a 1 percent decrease from the month prior.
The median price for single-family homes was slightly less, at $244,900. In the category over $500,000, the median price was $685,000 for the month of June.
Both of these categories of homes also spent an average of 99 days active on the market, jumping only 8 more days form May to 107 until sold.
The total number of active listings in June for Baltimore County was 6,816. This number includes condos priced both over and under $300,000.
The average price for condos in the county priced under $300,000 was $127,488. Condos priced over that mark averaged a $559,709 list price. Condos in the higher priced category spent almost 20 less days on the market compared to the cheaper, more affordable ones.
Median list price for affordable condos in the county stayed the same from the previous month at $120,000. Higher priced condos saw a drop in median list price, sitting at just over $399,000.
While the county might give a better overall snapshot, the numbers within the city limits of Baltimore tell a different story.
[Tweet “Expensive condos sold faster in Baltimore in June”]
The average price for condos and townhomes under the $300,000 mark stayed pretty low, at $116,438 — a 1.56 percent month-over-month increase. Condos above $300,000 jumped 2.34 percent to $618,179.
Affordable condo units spent an average of 116 days on the market, while luxury condos spent only 95 days. However, the total number of listed units for sub-$300,000 was 2,551, while only 470 of luxury units were offered.
Within the city of Baltimore, there was a total of 4,117 homes and condos listed for sale.
