Baltimore, MD 21202 Real Estate Market Report

ZIP Code: 21202
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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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 the Baltimore 21202 market are approximately 6.5%, which is 0.5% higher than the 6.0% average observed for typical loans in this area earlier in 2026.

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

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Key Findings

1. The primary market indicator is the median sold price of $335,000, which should be treated as the representative recent sale benchmark for valuation and comparables; the notable spread to the median listing price of $619,950 suggests potential pricing friction between seller expectations and transaction outcomes (pricing gap).

2. Liquidity appears muted given a median days on market of 345, which indicates slower sales velocity and that listings may take substantially longer to reach contract compared with typical turnover; this long time on market may indicate constrained buyer-driven liquidity.

3. Market direction signals are mixed but leaning positive for prices and rents: the price year-over-year trend is up and the rent year-over-year trend is up, while overall market temperature is neutral; this combination suggests steady appreciation pressure without an overheating market (balanced appreciation).

4. Financing and carrying-cost context is a headwind: current 30-year fixed mortgage rates of approximately 6.5%, which are 0.5% higher than 6.0% earlier in 2026, represent moderate interest rate pressure that may suppress some buyer segments even as rental demand and median market rent of $1,624 remain supportive for investor interest.

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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.

Baltimore, MD 21202 Real Estate Market Report

ZIP Code: 21202
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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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 the Baltimore 21202 market are approximately 6.5%, which is 0.5% higher than the 6.0% average observed for typical loans in this area earlier in 2026.

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

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Key Findings

1. The neighborhood's median sold price is 249,500, which anchors recent transaction values and closely aligns with the median listing price of 250,250, pricing is effectively matched between asks and transactions, suggesting sellers' expectations are largely reflected in completed sales.

2. With a median days on market of 323, the median sold price of 249,500 alongside extended time-to-contract appears to indicate slower sales velocity and pricing friction; slower transaction velocity may lengthen exposure and increase negotiation leverage for buyers.

3. Market temperature is neutral while the price year-over-year trend is up, and the median sold price of 249,500 implies modest appreciation pressure without overheating; balanced selling conditions suggest buyers and sellers are negotiating around realized market value rather than through aggressive bidding.

4. The median market rent is 1,975 and rent year-over-year trend is up, so the median sold price of 249,500 remains relevant for investors assessing cash flow potential; rental demand appears supportive, though interest rate pressure is moderate with current 30-year fixed rates around 6.5%, which may temper investor yield expectations.

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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.