Baltimore, MD 21216 Real Estate Market Report

ZIP Code: 21216
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Baltimore, MD (ZIP: 21216) real estate market shows a median sold price of $185,000, reflecting a stable market despite recent fluctuations. The market has experienced an upward trend in prices year-over-year, indicating resilience in the face of increased inventory levels. This suggests that while there is a notable supply of homes, buyer interest remains steady enough to support current pricing levels.

Transaction activity appears moderate, with 204 median days on market, indicating a slower sales velocity. The elevated inventory levels relative to sales activity may suggest a shift towards a more balanced market, where buyers have more options, but sellers may need to remain flexible with pricing to attract interest. Affordability concerns persist, particularly with median market rent at $2,298, which may pressure potential buyers as they navigate higher interest rates.

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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

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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 MD 21216 area around 5.80% are 0.77% lower than the national average of 6.57% 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. $185,000 is the current median sold price, indicating stable market conditions despite increased inventory levels.

2. The median days on market stands at 204, reflecting a slower sales velocity and potential pricing friction for sellers.

3. Year-over-year trends show that prices are up, suggesting a resilient market even with elevated inventory levels.

4. The median listing price of $189,900 indicates that sellers may have higher expectations compared to actual sold prices, which could lead to pricing adjustments.

5. Moderate interest rate pressure is present, with current rates around 5.80%, which is lower than the national average, potentially benefiting local buyers.

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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.