Baltimore, MD 21202 Real Estate Market Report

ZIP Code: 21202
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Baltimore real estate market in ZIP code 21202 is characterized by a median sold price of $325,000, reflecting a stable market environment. While there is no historical sold price change percentage available, the current market conditions indicate a steady appreciation trend, with prices generally up year-over-year. The median listing price stands at $379,500, suggesting a notable gap between seller expectations and actual sale prices, which may indicate pricing friction in the market.

Transaction activity appears moderate, with 321 median days on market, indicating slower sales velocity. This prolonged time frame may suggest a need for sellers to adjust their pricing strategies to align more closely with buyer expectations. Overall, the market is experiencing elevated inventory levels relative to sales activity, contributing to a more balanced market environment as demand remains robust amid relatively affordable pricing and moderating interest rates.

---

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

Note: 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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Baltimore are averaging 6.16% as of April 2026, which is 0.64% higher than the average rate of 5.52% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $325,000 indicates a stable market with potential pricing friction due to the gap with the median listing price of $379,500.

2. With 321 median days on market, the market is experiencing slower sales velocity, suggesting that properties may require adjustments in pricing to attract buyers.

3. The median market rent is $2,240, reflecting strong rental demand and modest rent increases in the area.

4. Current mortgage rates are averaging 6.16%, which is 0.64% higher than earlier in the year, contributing to elevated interest rate pressure on buyers.

5. The market temperature is currently neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

---

Notable Properties

The following 7 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.