Baltimore

MarylandBaltimore-Columbia-Towson

Real Estate Market Analysis

Q3 2025 Report
$235,432 (June 2025)
Median Home Price
576,498 (2024 est.)
Population
$56,000 (2024 est.)
Median Income
Baltimore City Public Schools: 3/10 (GreatSchools avg.)
School District Rating

Market Overview

Property Values

$235,432 (June 2025)
Median Home Price
$167 (June 2025)
Price per Sq Ft
+3.5% (June 2025 vs. June 2024)
YoY Change

Market Performance

Days on Market39 days (citywide avg, June 2025); 60 days in 21207 ZIP
Market TypeBalanced, trending toward buyer-favorable due to rising inventory
Months of SupplyInventory up 48.7% MoM to 3,003 homes (June 2025)

Sales Activity

Sales VolumeNot specified; inventory and price growth indicate active market
Metro AreaBaltimore-Columbia-Towson
Population576,498 (2024 est.)

Economic Indicators

Employment & Growth

Unemployment Rate4.3% (Baltimore metro, May 2025 est.)
Job Growth Rate+1.2% YoY (2024-2025 est.)
Median Household Income$56,000 (2024 est.)

Major Employers

  • Johns Hopkins University & Medicine
  • University of Maryland Medical System
  • MedStar Health
  • T. Rowe Price
  • Under Armour

Demographics

576,498 (2024 est.)
Population
35.1 years (2024 est.)
Median Age
-0.2% YoY (slight decline, 2024-2025)
Population Growth
32% bachelor's degree or higher (2024)
Education Level

Family Composition

38% families with children; 45% single-person households

Key Industries

Healthcare & Life SciencesEducationFinancial ServicesLogistics & Port OperationsTechnology

Education

School District

Baltimore City Public Schools: 3/10 (GreatSchools avg.)
District Rating

Top Schools

  • Baltimore Polytechnic Institute
  • Baltimore School for the Arts
  • Roland Park Elementary/Middle

Higher Education

  • Johns Hopkins University
  • University of Maryland, Baltimore
  • Loyola University Maryland

Infrastructure & Development

Major Projects

  • Port Covington redevelopment (mixed-use waterfront)
  • Johns Hopkins medical campus expansion

Transportation

  • Red Line light rail project (restarted 2024)
  • BWI Airport upgrades

Planned Developments

  • Downtown revitalization (office-to-residential conversions)
  • Affordable housing initiatives

Lifestyle & Amenities

Recreation

  • Inner Harbor waterfront
  • Patterson Park
  • Druid Hill Park

Dining & Entertainment

  • Fells Point restaurants
  • Federal Hill nightlife
  • Lexington Market

Cultural Attractions

  • National Aquarium
  • Baltimore Museum of Art
  • Maryland Science Center

Investment Analysis

Investment Opportunities

  • Rising inventory creates buyer leverage
  • Strong rental demand in core neighborhoods
  • Value-add multifamily and rowhome conversions

Growth Outlook

Stable, with moderate appreciation and increased inventory; rental market remains robust.

Market Risks

  • Flat price appreciation (+0.1% YoY avg)[2]
  • Population decline
  • School quality concerns

Rental Market

High demand, especially near universities and hospitals; median rent $1,550/mo (2025 est.)

Marketing Intelligence

Target Demographics

  • Young professionals
  • Medical and university staff
  • First-time buyers
  • Investors seeking rental income

Marketing Channels

  • Zillow, Redfin, Realtor.com
  • Social media (Facebook, Instagram)
  • Local relocation networks

Pricing Strategies

List slightly below recent comps to drive activity; adjust quickly if no offers in 2-3 weeks.

Common Objections & Response Strategies

Objection: School quality concerns

Response Strategy:

Highlight proximity to top-rated magnets and private schools; provide data on school choice options.

Objection: Crime and safety

Response Strategy:

Share neighborhood crime trends, highlight community initiatives, and focus on safer submarkets.

Objection: Flat price appreciation

Response Strategy:

Emphasize rental demand, value-add potential, and long-term urban revitalization projects.

Professional Recommendations

1

Advise sellers to price aggressively and stage homes due to rising competition.

2

Educate buyers on neighborhood-level trends and school options.

3

Highlight rental income potential and value-add opportunities for investors.

4

Leverage digital marketing and virtual showings to reach relocating buyers.

5

Monitor inventory and adjust pricing strategies rapidly in response to market shifts.

Competitive Analysis

Comparable Markets

  • Philadelphia, PA
  • Cleveland, OH
  • Richmond, VA

Market Positioning

Affordable urban market with strong rental fundamentals and value-add opportunities.

Competitive Advantages

  • Lower entry prices than DC/NYC metros
  • Strong healthcare/education employment base
  • Historic housing stock with renovation upside

Price Comparison

Baltimore median home price ($235K) is 30-40% lower than DC and Philadelphia metros.

Investment Metrics

6.5%-8.5% (multifamily, 2025 est.)
Cap Rates
6.2% gross yield avg.
Rental Yields
12.6 (2025 est.)
Price-to-Rent
Positive in most neighborhoods, especially for renovated rowhomes and small multifamily.
Cash Flow
0-2% annualized (2025-2026 est.)
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from down payment assistance; focus on FHA/VA-friendly properties in stable neighborhoods.

Move-Up Buyers

Target larger homes in Roland Park, Guilford, or suburban edges; leverage equity from prior sales.

Downsizers

Seek condos/rowhomes in walkable areas with amenities; prioritize low-maintenance options.

Investors

Focus on value-add rowhomes, student housing, and multifamily near hospitals/universities.

Relocators

Prioritize access to major employers, transit, and vibrant neighborhoods; often rent before buying.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities