Baltimore, MD 21206 Real Estate Market Report

ZIP Code: 21206
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Baltimore, MD (ZIP: 21206) stands at $234,500, reflecting a stable market with modest price appreciation. The neighborhood has experienced an upward trend in property values, indicating a positive trajectory in recent transactions. The market temperature is currently classified as neutral, suggesting a balanced environment for both buyers and sellers, although the seller's advantage may be noted due to relatively constrained active supply compared to sales activity.

Transaction velocity appears to be slower, with properties spending a median of 205 days on the market before sale. This extended duration may indicate caution among buyers, potentially leading to pricing friction as sellers adjust expectations. The median listing price of $280,000 presents a notable gap compared to the median sold price, which could reflect seller optimism or a need for price adjustments to align with market realities.

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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

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.

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Key Findings

1. $234,500 is the median sold price, indicating a stable market with modest price appreciation.

2. The market temperature is neutral, suggesting balanced conditions for buyers and sellers.

3. Properties are spending a median of 205 days on the market, indicating slower sales velocity.

4. The median listing price of $280,000 shows a significant gap compared to the median sold price, suggesting potential pricing friction.

5. Rental demand remains strong with a median market rent of $2,298, reflecting increasing rental interest in the area.

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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.