Baltimore, MD 21212 Real Estate Market Report

ZIP Code: 21212
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 21212 market average 6.3%, reflecting a stabilization compared to the volatility seen earlier in 2026.

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 neighborhood's primary market signal is the median sold price of 375,000, which should be treated as the best indicator of realized value; the gap versus the median listing price of 209,500 suggests seller asking expectations are above recent transaction levels, pricing friction may be present.

2. The market shows slow turnover with a median days on market of 233, which points to slower sales velocity and suggests that sellers may need longer marketing windows or price adjustments to align with buyer activity.

3. Recent sample analysis indicates relatively constrained active supply in the local dataset despite balanced conditions overall; with a median listing price of 209,500, the relationship between listings and closed transactions appears to support a balanced-to-cautious market temperature rather than aggressive compression.

4. Rents are rising year-over-year and the median market rent is 1,574, indicating strengthening rental demand; with interest rate pressure described as moderate and average 30-year fixed rates around 6.3% in the market, expect buyer sensitivity to financing costs even as rental fundamentals firm.

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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.

Baltimore, MD 21212 Real Estate Market Report

ZIP Code: 21212
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Baltimore 21212 market average 6.3%, reflecting a stabilization compared to the volatility seen earlier in 2026.

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. median sold price $227,500 is the clearest indicator of current market value in 21212 and, given recent transaction activity, appears to represent a representative recent sale level that sellers should reference when setting expectations.

2. The market shows modest price momentum with price year-over-year trend up, while the market temperature remains neutral, suggesting balanced conditions that may slightly favor sellers in select segments rather than broad, sustained appreciation.

3. Long sales timelines—median days on market 310—suggest slower sales velocity and increased pricing friction; this may indicate that achieving the median sold price $227,500 often requires patience or targeted pricing strategies rather than aggressive listing moves. slower sales velocity

4. Rental dynamics are strengthening with median market rent $1,195 and rent year-over-year trend up, which supports buy-to-rent demand fundamentals; moderate interest rate pressure at 6.3% on typical 30-year fixed mortgages suggests financing costs remain an important consideration for buyers and investors. moderate interest rate pressure

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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.