Baltimore, MD 21216 Real Estate Market Report

ZIP Code: 21216
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Baltimore 21216 market are approximately 6.3%, reflecting a stable environment for property owners compared to the 5.99% average observed 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 primary market indicator, median sold price, is $177,000, which anchors recent transaction-based value and occurs alongside price trends down and a market temperature assessed as cold, suggesting recent sales reflect softening pricing conditions.

2. The market shows slower velocity with a median days on market of 249 days, which may indicate prolonged marketing periods and increased negotiation time; coupled with elevated inventory relative to sales activity, this suggests liquidity is softer than a typical balanced market.

3. There is a notable listing-to-sale relationship where the median listing price of $160,000 sits against the median sold price of $177,000; this gap may indicate pricing dispersion or selective transaction activity and suggests sellers and buyers are operating with differing price expectations.

4. Rents and unit-level valuation metrics are soft: median market rent is $1,203 and median price per square foot is 109, with rent trends down and interest rate pressure described as elevated (current 30-year fixed around 6.3% versus a recent 5.99%), which together may limit near-term upside for investment-based 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.