Baltimore, MD 21212 Real Estate Market Report

ZIP Code: 21212
Report Date: March 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Baltimore, MD (ZIP: 21212) is characterized by a median sold price of $350,000, which reflects the actual transaction values in the area. This figure is significantly higher than the median listing price of $217,450, indicating a notable pricing gap that may suggest seller expectations are not fully aligned with current market realities. The absence of historical sold price change data limits our ability to assess long-term trends, but the current sold price indicates a robust market for transactions at this level.

Market activity appears to be moderate, with 216 days on market, suggesting slower sales velocity and potential pricing friction. The elevated inventory levels indicate excess supply relative to sales activity, which may contribute to longer timeframes for properties to sell. This situation may create opportunities for buyers, as sellers may need to adjust their expectations to facilitate transactions in this environment.

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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

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Baltimore market at 6.38% are 0.88% higher than the 5.50% rate seen earlier in 2026, suggesting property owners who locked in earlier secured a favorable cost.

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 $350,000 indicates a strong market for completed transactions, despite the lower median listing price of $217,450 suggesting pricing friction.

2. With 216 days on market, properties are experiencing slower sales velocity, which may indicate a need for sellers to reassess their pricing strategies.

3. The median market rent of $2,009 highlights a competitive rental market, which could attract investors looking for rental opportunities.

4. The property tax rate of 2.248% may impact overall affordability and buyer sentiment in the market.

5. Current mortgage rates at 6.38% are 0.88% higher than earlier in 2026, potentially exerting pressure on buyer demand and affordability.

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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.