Baltimore: The Affordable Alternative in a Costly Housing Market
Baltimore’s housing market is a hidden gem in a region where affordability is becoming harder to find. With median home prices soaring in the surrounding counties, Baltimore is emerging as the go-to option for buyers seeking value in an otherwise expensive market.
Why Baltimore is Still a Bargain
Home prices in Baltimore City have risen, hitting a record median of $220,000 in 2024. However, this remains far more accessible than Howard County’s $605,000 median price, making city living an increasingly attractive option. With rising home costs and limited inventory in nearby counties, Baltimore is becoming a competitive alternative for homebuyers priced out of surrounding areas.
Hot Neighborhoods Are Heating Up
Certain Baltimore neighborhoods are proving just as desirable as county locations. Areas like Canton, Locust Point, and Bolton Hill have seen median prices soar above $400,000, demonstrating their demand. Additionally, fast-selling homes near shopping centers in places like Southeast Baltimore and Cross Keys indicate that buyers are recognizing the value Baltimore offers.
The Walkability Factor
Today’s buyers want more than just four walls—they want convenience, walkability, and access to amenities. Neighborhoods with parks, dining, and retail access, like Belair-Edison, Riverside, and Hampden, are seeing strong demand. Buyers are prioritizing lifestyle, and Baltimore is stepping up to meet those needs with resource-rich communities.
Inventory Advantage: More Choices, Fewer Bidding Wars
Unlike surrounding counties facing extreme housing shortages, Baltimore City holds nearly 46% of the region’s available inventory. This means more choices, less competition, and better pricing opportunities. Instead of engaging in a brutal bidding war in the suburbs, buyers in Baltimore can take advantage of a more balanced market with better negotiating power.
Looking Ahead: What’s Next for Home Prices?
The broader Maryland housing market isn’t expected to cool anytime soon, even as mortgage rates fluctuate. While suburban home prices continue to climb, Baltimore remains one of the last frontiers of affordability in the region. If you’re considering making a move, this might be the perfect time to act before prices rise further.
My Final Thoughts: Don’t Overlook Baltimore
For buyers struggling with sticker shock in the counties, Baltimore presents an opportunity to own a home without breaking the bank. With competitive pricing, sought-after neighborhoods, and a growing reputation as a prime alternative to costly suburban living, Baltimore is making a strong case for homeownership in 2025.
Thinking of buying or selling in Baltimore? Let’s connect! Whether it’s you, a friend, or a family member, I’d love to help you navigate the market and find the perfect home. Reach out today and let’s make your real estate goals a reality!
Source: The Baltimore Banner
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Dan McDevitt
Cummings & Company Realtors
Team Leader, Realvolution Homes Group
