property
Baltimore Home Prices Rise While Condo Values Fall in Q2
Single-family homes posted gains while condo and apartment values slipped in Baltimore's second-quarter data.
How we reported this
Median prices for single-family houses in Baltimore rose to $415,000 in the second quarter of 2026, an 8 percent increase from the same period last year, while median unit prices fell to $275,000, down 3 percent, according to data compiled by the Greater Baltimore Board of Realtors and released on July 8.
The split matters because mortgage rates remain above 6 percent and buyers face limited choices in a market where detached homes now command stronger interest from families relocating within the metro area. National economic signals, including federal spending adjustments, have pushed more households to prioritize space over proximity to downtown cores.
Neighborhood Sales Patterns
In Fells Point, houses along Thames Street and adjacent blocks sold at an average of $462,000 last quarter, with multiple offers common on properties near the harbor. Federal Hill saw similar strength on streets like Cross Street, where three-bedroom homes cleared at $398,000 on average. By contrast, units in buildings near the Inner Harbor posted softer results, with the Baltimore Housing Authority noting slower absorption rates for its rental-conversion projects in the same zip codes.
Inventory counts released by the Maryland Association of Realtors showed 1,240 active house listings citywide on June 30 compared with 890 unit listings, a reversal from 2024 when units outnumbered houses. Average days on market for houses fell to 28, while units lingered at 47 days.
Buyer and Investor Considerations
Families weighing a move should examine lot sizes and school district boundaries first, especially in zones around Patterson Park where house values held steady. Investors focused on cash flow might review condo fees and vacancy trends in buildings managed by local firms before committing capital. Local agents recommend pulling current comps from the multiple listing service for any address under consideration rather than relying on broad city averages.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.