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Market Snapshot
Baltimore, MD is the biggest independent city in the country. In addition to being home to popular historic districts like Mount Vernon Place and Federal Hill, it is the 29th most populated area in the US. Having a vast array of districts, the region is typically termed as a city of neighborhoods. What’s more, thriving arts, vibrant culture districts, interesting nightlife, rocking music and world-class museums make it a gemstone of Chesapeake country.
The economic foundation of Baltimore is primarily focused on auto manufacturing, shipping, steel processing, crude oil refining and manufacturing of straw hats and rye whiskey. The World Trade Center Baltimore is considered the hub of international trade for the region. Tourism is another important aspect of local economy as the city hosts millions of visitors every year. Large companies that serve the area include Cordish Company, McCormick & Company, Under Armour, Legg Mason, Royal Farms, Johns Hopkins Hospital and T. Rowe Price.
Whether you want to spend a fun-filled weekend or just need an escape from the monotony of your daily life, get ready to explore the Inner Harbor. Bring the heart of the Baltimore region, the Inner Harbor consists of innumerable boutiques and shops, wonderful restaurants and popular attractions like The American Visionary Art Museum, National Aquarium and Ripley’s Believe It or Not. Have picnic with your friends or family at Druid Hill Park, Federal Hill Park or Patterson Park.
Art aficionados should head straight to Baltimore Symphony Orchestra or Hippodrome Theatre. Ride the historic trains at B&O Railroad Museum while appreciating model gardens. Skate as much as you want or host a birthday party at Shake and Bake Skating and Bowling Center. Let your kids have fun at Maryland Zoo or help them learn with interactive exhibits at Maryland Science Center.
When it comes to events, the city hosts a variety of festivals to entertain its populace. Celebrate the history, contributions and culture of Hispanics with Hispanic Heritage Month. Enjoy live performances along with majestic fireworks display at Baltimore’s New Year’s Eve Spectacular. Karaoke Live! is a real treat for music lovers, while OktoBearFest features live music, exciting activities and German-inspired food.
Residential properties in Baltimore represent not only grandeur, but also affordability for permanent home seekers. Renowned builders, such as Bozzuto Homes, Gemcraft Homes, Williamsburg Homes LLC and many others, are delivering ground-breaking development projects that ensure the ease of locals. The price of a house with the living area of 1,900 sq. ft. is close to mid 200s, while you might have to pay low 1,000s for a residential site with the total space of 5,200 sq. ft.
Embrace the cultural extravaganza, the spectacular food, the moving music and the awe-inspiring attractions in Baltimore. To do all that and more, just check out the property listings offered at New Home Source.
Market Overview: New Construction in Baltimore, MD
Here is a quick overview of housing developments in Baltimore, as well as the new construction outlook for new build homes in Baltimore:
| City | Baltimore |
| State | Maryland |
| Metro Area | Baltimore |
| Subdivisions | 51 |
| Quick Move in Homes | 126 |
| Homes Under Construction | 101 |
| Starting Price | $329,990 |
| Average Price | $676,365 |
| Price Per Square Foot | $241 |
| Home Builders | 22 |
| Builders in Baltimore |
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Customizable Options in Baltimore
| Floor Plans Available | 188 |
| Bedroom Count | 1 to 7 |
| Bathroom Count | 2 to 7 |
| Square Footage Range | 1,076 to 7,868 sq/ft. |