Throughout 2023, 9,054 homes were sold in the city, with a median sale price of $143,000. This is a 2.7% decrease from the $147,000 median sale price during the same period in 2022, when there were 13,992 homes sold.
Based on the latest available data from 2022, the median sales tax in City of Baltimore was $2,612, which stands at 1.8% of the median home sale price for 2023.
The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in City of Baltimore from January 2022 to December 2023.
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