Is Baltimore, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baltimore has remained a Seller's Market.
Key Takeaway
Baltimore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baltimore, OH
How much do homes in Baltimore, OH cost?
Median Sold Price
$323,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baltimore have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Baltimore was $323,500 in May 2024, up 12.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $199.9K | N/A |
| 2 Bedrooms | $203.5K | $195K | -4.2% |
| 3 Bedrooms | $250K | $305K | +22.0% |
| 4 Bedrooms | $326K | $505.7K | +55.1% |
| 5+ Bedrooms | $432.4K | $505K | +16.8% |
Summary: Baltimore housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 55.1%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Walnut Township | $260K | $299.9K | +15.4% |
| Baltimore | $287.5K | $323.5K | +12.5% |
| Liberty Township | $315K | $315.9K | 0.3% |
Housing Supply in Baltimore, OH
How many homes are available in Baltimore, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Baltimore real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baltimore housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Baltimore in May 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Baltimore, OH
How long does it take to sell a home in Baltimore, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 41 Days | +74.0% |
Summary: Homes in Baltimore had an average of 41 days on market in May 2024, up by 74% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Baltimore has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Baltimore; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.