Baltimore City’s real estate market continues to put up strong numbers in 2017. During our continued coverage of what’s happening with our neighbor city to the north, the ULC Blog has pulled together several Baltimore City neighborhoods that have been getting a lot of attention this year as they emerged as “improving neighborhoods.”
Two specific neighborhoods are showing major increases in their median prices of homes sold. A big part of the surge in both neighborhoods is due to proximity to major new development projects or major Baltimore destinations (college campuses / major hospitals).
Woodbourne-McCabe spans roughly six blocks east of York Road, between — of course — Woodbourne and McCabe avenues in Greater Govans. It’s a transitional neighborhood with both single-family houses and rowhomes and rising median prices for homes sold. The median selling price has increased by 4x since 2015’s $13,000 number to $52,500 in 2016.
Part of the reason for the success here is proximity to shopping and dining at Belvedere Square, attractions like the Senator Theatre and nearby Loyola University Maryland and Notre Dame of Maryland campuses.
Several blocks east of the Johns Hopkins Hospital campus is the neighborhood of Milton-Montford. Median prices here have tripled and the number of homes selling here have nearly doubled in the last year. Reasons noted for the surge in activity is the Station East redevelopment project.
Here’s a quick view of 4 of the most expensive homes listed currently for sale in both neighborhoods. The full list of currently available homes in these 2 improving neighborhoods is here.