Baltimore City appears to be holding its ground, calming the frenzied nerves of the national housing market. A report from Live Baltimore, a non-profit organization dedicated to residential market vitality, details a city market with incremental growth and admirable stability. Despite the broader market’s struggles amid persistently high interest rates and an uptick in property costs, the 2024 Baltimore housing landscape charted a promising course.

The data gets down to brass tacks: a median housing price swelled to $220,000, marking a 5% increase from the year prior and unprecedented heights for the city, yet it still stands as a haven of affordability in a region where neighboring county prices soar up to $605,000. Live Baltimore's analysis points to a 5.10% boost in new listings—a figure sprouting higher than most surrounding areas—while days on the market crept up by 7%, tipping the scale with a mere three-day increase, a slight rise but still below the pre-pandemic average.

Baltimore has remained dynamic in a landscape where the correct address can mean everything, with transactions finalized in 240 different neighborhoods. According to findings from Baltimore Fishbowl, neighborhoods such as Canton, Riverside, and South Baltimore are sought-after residential pockets. At the same time, strong appeal can be observed in neighborhoods teeming with commercial growth, including Yard56 in Bayview.

“The Baltimore City market demonstrated resilience and stabilization in 2024, with minimal year-over-year variation,” Jordan Klumpp, Live Baltimore’s Business Relationship Manager, stated, as per SouthBmore. Supporting that notion, the report indicates that homes near fresh development endeavors like shopping centers are selling briskly, signaling that buyer inclinations lean towards areas with a smooth conduit to retail and essential services, neighborhoods where conveniences are just a stone’s throw away.