Baltimore, MD 21206 Real Estate Market Report

ZIP Code: 21206
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

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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. The neighborhood's primary market signal is the $235,000 median sold price, which represents the most reliable indicator of realized value and recent transaction activity in the area.

2. There is a notable gap between the $275,000 median listing price and the $235,000 median sold price, which may indicate pricing friction where seller expectations exceed recent sale outcomes; this dynamic appears alongside moderate market balance as indicated by a neutral market temperature.

3. Extended selling periods—reflected by a 213 median days on market—suggest slower sales velocity and give buyers increased negotiation leverage despite year-over-year price momentum; the long days on market should be treated as a liquidity caution rather than definitive market weakness.

4. Rental fundamentals are supportive for investors with a $1,295 median market rent and up rent year-over-year trend, while interest rate pressure is moderate, implying financing costs are a meaningful but not dominant constraint on purchase demand.

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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.