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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

7,000

Jobs Created
.5%

$79,617

Median Household Income
2.9%

9,282

Total Housing Permits
22.9%

196

Total Number of Projects
-11.7%

$542,056

SFD New Home List Price
-5.5%

0

New Home Sales
20.5%
Monthly

Market Health

Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 7,000 jobs over the past year, up by 0.5%. The median household income in Baltimore is $79,617, 2.9% higher than last year and 29.7% above the national average of $61,372.
In the housing market, total permits issued totaled 9,282 over the last twelve months, up 22.9% year-over-year. Baltimore has 196 active new home projects on the market, 11.7% fewer than the 222 from last year. The average list price in the market is $542,056, 5.5% lower than last year and 74.6% above the national average. Over the last three months, new home contracts increased by 20.5% to 1,201. Hanover and Odenton had the highest concentration of the new home contracts in the Baltimore market.

Our Experts

Work with leaders in the industry.

Mollie Carmichael

Principal

Mollie Carmichael

Principal


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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