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Thursday, November 21, 2024

Baltimore City experienced increase in median home valuation prices in June 2023 compared to June 2022

Realestate4

In June 2023, the median sale price of a home in Baltimore City rose by $15,650 from the same period in the previous year, while total sales decreased by 23.2%, according to BlockShopper.com.

Data shows that there were 1,335 homes sold in June 2023, with a median sale price of $148,050 - an 11.8% increase over the $132,400 median sale price for the same period of the previous year. There were 1,738 homes sold in Baltimore City in June 2022.

For context, the median sales tax in Baltimore City, based on the latest available data from 2018, was $2,496, which stands at 1.7% of June 2023's median home sale price.

The following histogram displays changes in median sales prices in Baltimore City from June 2022 to June 2023.

June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023$132,400$132,400$153,000$153,000$164,000$164,000$155,000$155,000$145,000$145,000$134,000$134,000$79,750$79,750$82,450$82,450$106,000$106,000$21,000$21,000$168,000$168,000$140,000$140,000$148,050$148,050

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