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

As of February 2026, the real estate market in Baltimore, MD (ZIP: 21216) is characterized by a median sold price of $174,000, reflecting a notable decrease in market value. The neighborhood has decreased 8% since 2022, indicating a trend of price softness that may be affecting buyer sentiment. The median days on market stands at a lengthy 199 days, suggesting a slower sales velocity and potentially indicating a buyer-leaning environment.

The median listing price is recorded at $186,400, which presents a significant gap compared to the sold price, hinting at potential pricing friction as sellers adjust expectations in response to market conditions. Elevated inventory levels are observed, with excess supply relative to sales activity, contributing to the longer time properties remain on the market. Overall, the market appears to be under pressure from elevated interest rates, which are likely tempering sales activity across the area.

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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 market around 6.01%-6.25% are slightly higher than the January 2026 average of 5.99% for property owners.

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 $174,000 indicates a decrease in market value, reflecting a challenging environment for sellers.

2. With a median days on market of 199 days, the market is experiencing slower sales velocity, suggesting potential buyer hesitance.

3. The median listing price at $186,400 shows a significant gap from the sold price, indicating pricing friction as sellers may need to adjust expectations.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may further pressure prices downward.

5. The median market rent of $2,298 is up, indicating a potential opportunity for investors despite the overall market challenges.

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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.