Living Legacy

Discover Baltimore City Homes for Sale: The Ultimate Guide to Finding Your Dream Home in Charm City


The Baltimore, Maryland housing market has seen robust growth in recent years. Home prices and sales have trended upwards thanks to strong demand and limited inventory ( In July 2023, the median home price in Baltimore was $486,385, up 3.2% from the previous year. Home sales have also been brisk, with the number of closed sales in the Baltimore metro up 4.4% year-over-year in July 2023 (

Low mortgage rates and changing lifestyle preferences during the pandemic have driven buyer demand. At the same time, low inventory levels have kept the market competitive for buyers. This combination of strong demand and limited supply has led to bidding wars and homes selling above asking price.

As we look ahead to 2024, early indicators point to continued strength in the Baltimore housing market. Mortgage rates are expected to remain relatively low compared to historic norms. And many analysts predict home prices will continue rising, albeit at a more moderate pace than in 2020-2022.

Real Estate Market Data

According to, the Baltimore housing market has seen steady growth in home sales and prices over the past 5 years. The number of homes sold in Baltimore City increased from 6,032 in 2017 to 7,491 in 2021. The median sales price rose from $150,000 in 2017 to $197,000 in 2021. The average sales price went from $206,815 in 2017 to $257,170 in 2021.

Housing inventory has tightened in recent years. There were only 1.8 months of inventory in Baltimore City in May 2022, down from 2.3 months a year earlier, indicating strong demand from buyers 1. The months of supply indicates how long it would take to sell all current listings at the current sales pace. Anything under 6 months is considered a seller’s market.


Popular Neighborhoods

Some of the most popular neighborhoods for homebuyers in Baltimore include:

Fells Point

Fells Point is a historic waterfront neighborhood known for its cobblestone streets, restaurants, and nightlife. Rowhouses and townhomes dating back to the 1700s line the streets, providing charm and character. New construction and renovated homes are also available, ranging from condos to single-family homes [].


Canton is a relaxed neighborhood along Baltimore’s waterfront that attracts young professionals. Brick rowhouses dominate the area, though new townhomes and single-family homes are also available. The neighborhood is walkable and provides easy access to dining, nightlife, and parks [].

Federal Hill

Federal Hill features historic 18th and 19th century homes overlooking the Inner Harbor. Brick rowhouses on tree-lined streets give the neighborhood charm, while condos and townhomes offer modern living. The area provides walkability to dining, shopping, and entertainment [].

Locust Point

Locust Point has a small town feel despite its proximity to downtown. Traditional rowhomes mix with newly constructed townhomes and single-family homes. Young professionals and families are drawn to the neighborhood’s amenities and easy access to Fort McHenry and Riverside Park [].


Hampden is known for its quirky, artsy vibe. Historic rowhomes line 36th Street, also known as The Avenue, which is filled with boutique shops, restaurants, and galleries. New townhomes and single-family homes can also be found throughout the neighborhood[].

New Construction

Baltimore has seen a rise in new home construction and development in recent years, offering buyers more options for new construction homes (Zillow). Many of the new developments are located just outside the city in desirable suburbs like Towson, Owings Mills, and White Marsh (Realtor).

New single-family homes in communities like Perry Hall, Middle River, and Parkville typically range from the high $300,000s to $600,000. High-end luxury new construction homes can reach over $1 million. New townhomes offer more affordable options starting in the low $200,000s.

Popular neighborhoods for new construction include Canton, Locust Point, Riverside, and Federal Hill within the city. The suburbs of Towson, Owings Mills, Columbia, and Ellicott City are also seeing many new communities being built. Home buyers looking for new construction will find options across a range of prices, home styles, and locations around Baltimore.

Condos and Townhomes

The condo and townhome market in Baltimore offers a more affordable option compared to single-family homes, appealing to first-time buyers as well as downsizers. Condos allow owners to enjoy amenities like pools, gyms, and doormen without the maintenance of a house.

Downtown and the Inner Harbor feature many of Baltimore’s highrise and luxury condo buildings. Popular options include Pier Homes near the harbor and The Vue in Harbor East, with prices averaging $300,000 to $600,000. Outside of downtown, Canton and Federal Hill have several condo and townhome communities near dining and nightlife, like 1200 S Hanover Street in Federal Hill priced around $350,000.

Further from the city center, condos in White Marsh, Towson, and Columbia offer more space and amenities at lower prices. New townhome communities can be found in the $200,000 to $400,000 range in these areas. Condo fees vary based on amenities but average $200 to $600 per month. Overall, condos and townhomes provide an affordable way to buy into many of Baltimore’s most popular neighborhoods.

Historic Homes

Baltimore is known for its historic rowhomes and architecture, earning it the nickname “Charm City.”1 For buyers interested in vintage homes, Baltimore offers a wide selection of historic properties dating back to the 1700s and 1800s.

Many historic homes in Baltimore are located in neighborhoods like Federal Hill, Fells Point, Canton, and Mount Vernon.[2] Popular architectural styles include Federal, Greek Revival, Italianate, Second Empire, Queen Anne, and Colonial Revival.[3]

Buying an older or historic home has its pros and cons. On the plus side, historic homes offer unique charm and detailing that can’t be found in new construction. Hardwood floors, ornate moldings, stained glass, and other vintage features add character. Many buyers also appreciate the history of living in a home that’s survived hundreds of years.[4]

However, renovating and maintaining an old home comes with challenges. Upgrading systems like plumbing, electric, HVAC, and roofing can be costly. Other common issues are outdated kitchens and bathrooms, peeling lead paint, creaky floors, and poor insulation. It’s important for buyers to budget extra time and money for repairs.[5]

Working with contractors experienced in historic renovations is key. They can help restore original architectural details while adapting the home for modern living. Basic updates like new appliances and fixtures breathe new life into dated spaces. With the right approach, a historic home can provide a comfortable, stylish place to live for decades to come.


First-Time Homebuyer Tips

Buying your first home in Baltimore can seem daunting, but there are many programs and strategies to make it more accessible. The city offers several down payment assistance programs to help first-time buyers, including the First-Time Homebuyers Incentive Program which provides grants up to $5,000. There are also low down payment mortgage options like FHA loans that only require 3.5% down.

When making an offer as a first-time buyer, it’s important to get pre-approved and be ready to move quickly. Writing a personal letter to the seller explaining your background and connection to the home can help your offer stand out. Having a knowledgeable real estate agent guide you through the process is invaluable. Being flexible on move-in dates, home inspection terms, and other factors can give you a competitive edge. Saving up extra funds for appraisal gaps and covering closing costs is wise. Overall, doing thorough preparation and seeking all available assistance programs will put first-timers in a great position to buy in Baltimore.

Home Financing

When buying a home in Baltimore, financing is a key consideration. Mortgage rates in Maryland as of April 2024 range from 6.96% for a 30-year fixed mortgage to 6.32% for a 15-year fixed mortgage, according to Bankrate. Baltimore itself tends to have slightly higher rates, around 6.83% for a 30-year fixed mortgage 1.

There are various mortgage options for Baltimore homebuyers. Conventional loans from banks and lenders are common. Government-backed loans like FHA and VA loans offer lower down payments and flexible credit requirements for qualifying buyers 1.

Down payment requirements vary by loan type. Conventional loans typically require 10-20% down, while FHA loans only need 3.5% down. VA loans require no down payment for eligible veterans. Lower down payments mean buyers need less cash up front but often have higher interest rates and monthly payments 1.

To qualify for a mortgage, key factors lenders evaluate include income, employment history, credit score, existing debt, and down payment funds. Strong applications have stable income sources, high credit scores, low debt-to-income ratios, and cash reserves 1. Pre-approval from a lender is recommended before making offers.

Working with an Agent

Working with a local real estate agent who specializes in the Baltimore market can provide many benefits for home buyers and sellers. Agents have access to listings before they go public on sites like Zillow or Redfin, and they have extensive knowledge of different neighborhoods, home values, and market conditions [1]. This helps them guide clients to suitable properties and accurately price homes for sale.

When interviewing prospective agents, be sure to ask about their experience working in Baltimore, number of transactions closed, certifications, and client specialties [2]. Also inquire about their marketing strategies to promote your home. Experienced agents have connections with other local professionals like lenders, home inspectors, and contractors.

Commission rates are typically around 5-6% in Baltimore and are negotiable [3]. The listing agent representing the seller receives a percentage, often 2.5-3%, while the buyer’s agent receives a similar amount. The remainder covers brokerage fees. Understand the commission structure before signing a listing agreement or buyer’s agent agreement.


Buying a home in Baltimore can be an exciting yet challenging process. This guide covered key factors to consider from neighborhoods and home styles to financing and working with real estate agents. Here’s a quick recap of the main points:

  • Baltimore offers diverse neighborhoods from historic Fell’s Point to family-friendly Canton. Consider your lifestyle and budget when choosing an area.
  • Along with traditional row homes, newer construction and condo/townhome options exist. Historic homes have charm while new builds offer modern amenities.
  • First-time buyers should research loan programs like FHA and down payment assistance. Preapproval from a lender is advised before starting your search.
  • Real estate agents can help you find homes, negotiate offers, and navigate the buying process. Look for an experienced agent familiar with Baltimore neighborhoods and housing stock.

For further research, connect with a lender to discuss financing options. Reach out to potential agents to interview them and request info on past sales, reviews, and specialties. Tour neighborhoods of interest and attend open houses to get a feel for different areas and home styles.

If you’re ready to buy a home in Charm City, now is a great time to get preapproved and start your search! An agent can provide listings and schedule showings to find your perfect Baltimore home.

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