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Baltimore

Home to the Inner Harbor, this more affordable market offers a small town feel in distinctive neighborhoods along the Chesapeake Bay.

Housing Data

23,200

Jobs Created
1.7%

$79,858

Median Household Income
4%

8,531

Total Housing Permits
40.6%

195

Total Number of Projects
-13.3%

$577,660

SFD New Home List Price
11.6%

923

New Home Sales
5.5%
Monthly

Market Health

Baltimore's population is 2.8M, with a total workforce of 1.4M. The labor market grew by 23,200 jobs over the past year, up by 1.7%. The median household income in Baltimore is $79,858, 4.0% higher than last year and 30.1% above the national average of $61,372. In the housing market, total permits issued totaled 8,531 over the last twelve months, up 40.6% year-over-year.

Baltimore has 195 active new home projects on the market, 13.3% fewer than the 225 from last year. The average list price in the market is $577,660, 11.6% higher than last year and 80.5% above the national average. Over the last three months, new home contracts increased by 5.5% to 923. Odenton and Hanover had the highest concentration of the new home contracts in the Baltimore market.

Our Experts

Work with leaders in the industry.

Victor Furnells

Vice President Sales, East

Victor Furnells

Vice President Sales, East


Mollie Carmichael

Principal

Mollie Carmichael

Principal


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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