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

The Baltimore market, particularly in ZIP 21206, is currently characterized by a median sold price of $249,999.5, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite this appreciation, the market is experiencing elevated inventory levels, which may suggest a shift towards a more neutral market temperature as homes are taking longer to sell, with a median days on market of 156. This extended time frame indicates a slower sales velocity, which could impact buyer sentiment and pricing expectations.

The median listing price stands at $285,000, creating a notable gap between asking and sold prices. This discrepancy may indicate some pricing friction as sellers adjust to the current market dynamics. Additionally, the median market rent is recorded at $2,298, showing slight downward pressure, which could further influence buyer decisions in the coming months. Overall, the market appears to be stabilizing, but the balance between inventory and sales activity remains critical for future price movements.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Baltimore market average around 5.875% to 6.21%, which is notably lower than the 6.87% average seen a year ago in early 2025, suggesting a cost opportunity for refinancing property loans.

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. $249,999.5 is the median sold price, indicating a stable market despite elevated inventory levels.

2. $285,000 as the median listing price suggests pricing friction between seller expectations and market realities.

3. A median days on market of 156 reflects slower sales velocity, which may impact buyer engagement.

4. The median market rent of $2,298 shows signs of down pressure, potentially affecting buyer sentiment.

5. The market temperature is currently neutral, suggesting a balanced environment for both buyers and sellers.

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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.