Baltimore, MD 21206 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in Baltimore, MD (ZIP: 21206) is characterized by a median sold price of $251,000, reflecting a stable market despite recent fluctuations. The neighborhood has shown signs of resilience with home values generally up year-over-year, indicating a positive trend in market activity. However, the median days on market stands at 163, suggesting a slower sales velocity and a potential mismatch between seller expectations and buyer readiness.

The current market conditions reveal elevated inventory levels, providing buyers with more options and leverage than in previous periods. This shift towards equilibrium is underscored by a median listing price of $277,500, which indicates a notable gap between asking prices and sold prices. With moderate interest rate pressure and a neutral market temperature, the market appears balanced, yet the excess supply relative to sales activity may lead to pricing friction in the near term.

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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, MD market at approximately 6.01% are 0.84% lower than the 6.85% average seen one year ago in February 2025.

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 median sold price of $251,000 indicates a stable market, with home values generally up year-over-year.

2. With a median days on market of 163, the market is experiencing slower sales velocity, suggesting potential pricing challenges.

3. The median listing price of $277,500 shows a significant gap compared to the sold price, indicating possible seller overvaluation.

4. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with increased leverage.

5. The median market rent of $2,298 continues to rise, reflecting ongoing demand for rental properties despite fluctuations.

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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.