Baltimore, MD 21202 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's representative recent sale is $178,200 (median sold price), which should be treated as the primary indicator of market value and recent transaction activity given its reflection of closed deals rather than asking behavior.
2. There is a large spread between $512,000 (median listing price) and $178,200 (median sold price), which suggests meaningful pricing friction between seller expectations and realized transaction prices; this gap may indicate that sellers are listing above what buyers are paying in the current market.
3. Transaction velocity appears slow given 365 (median days on market), a signal of prolonged time-to-close that suggests cautious buyer engagement and extended marketing periods for SFR and condominium inventory.
4. Market fundamentals show price momentum with up (price year-over-year trend) and rent momentum with up (rent year-over-year trend), while the broader market reads as neutral (market temperature) and faces elevated (interest rate pressure) financing headwinds; this combination supports a balanced to slightly buyer-leveraged environment and recommends qualification-focused underwriting and conservative pricing strategies.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.