Morrell Park, Baltimore, MD - Market Trends Report
Morrell Park is one of those neighborhoods that most people don't think about when they think about affordable housing in Baltimore. Morrell Park is located in south west Baltimore and according to the Live Baltimore website is encompassed by Hollins Ferry Rd., B&O Railroad Tracks, Gwynns Falls to Wilkens Ave. to Caton Ave. to Patapsco Ave. to C.S.X tracks, back to Hollins Ferry Road and is located in Zip Code: 21230.
From Morrell Park it's easy to get to I95, I695 and into the city by way of Washington Blvd.
In Morrell Park you'll find a mix of single family detached homes and older row homes. The average age of homes in the area is 74 years. The average home price for row homes is $60,090 ranging from $22,900 to $139,900 during this last 6 month period. For single family detached homes the average home price is $89,430 ranging from $36,900 to $180,500.
This table shows home selling activity since June 1, 2011. The information was taken directly from the multiple list service and believed to be accurate.For the same time period one year ago there were 6 single family detached homes sold for an average price of $137,225, 2 of which were foreclosures and 4 were fair market sales, there were no short sales settled at that time.
For the same time period one year ago there were 16 town/rowhomes sold for an average price of $53,894, 9 of which were foreclosures, 1 was a short sale and 6 were fair market sales.
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It looks like the average price for homes sold has increased slightly over this time last year, while the average price of detached homes has dropped and the number of foreclosures has dropped and the number of short sales has increased therefore increasing the average price of homes sold.