Quantcast

Maryland State Wire

Friday, November 8, 2024

Baltimore home prices rise in the first quarter of 2018

Realestate077

The median sale price of a home sold in the first quarter of 2018 in Baltimore rose by $500 while total sales decreased by 43.7%, according to BlockShopper.com.

From January through March of 2018, there were 1,329 homes sold, with a median sale price of $90,000 - a 0.6% increase over the $89,500 median sale price for the same period of the previous year. There were 2,359 homes sold in Baltimore in the first quarter of 2017.

The median sales tax in Baltimore for 2018 was $2,487. In 2017, the median sales tax was $2,463. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Baltimore to other Baltimore city County cities in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Towson16-83.3%$585,000$130,000350%
Parkville14-75%$129,000$141,000-8.5%
Dundalk310-70%$98,010$81,50020.3%
Baltimore1,3292,359-43.7%$90,000$89,5000.6%
Pikesville220%$85,250$102,190-16.6%
Rosedale31200%$65,000$59,00010.2%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS