Baltimore, MD 21216 Real Estate Market Report

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

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Executive Overview

The Baltimore, MD (ZIP: 21216) market is currently characterized by a median sold price of $147,916.50, reflecting a slight decrease in home values over the past year. This decline suggests a down trend in market performance, although there is a minor positive forecast for the upcoming year. The median days on market stands at 252 days, indicating a slower sales velocity and potential pricing friction as buyers take longer to make purchasing decisions.

Inventory conditions reveal elevated levels of supply relative to sales activity, contributing to a neutral market temperature. With a median listing price of $150,000, the gap between listing and sold prices may indicate seller expectations that are not fully aligned with current market realities. This situation could lead to further adjustments in pricing as the market seeks to stabilize.

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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 Baltimore, MD are averaging 6.38% as of March 2026, which is 0.28% higher than the average rate of 6.10% seen in February 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. $147,916.50 is the median sold price, indicating a down trend in home values over the past year.

2. The median days on market is 252, suggesting slower sales velocity and potential pricing friction.

3. Elevated inventory levels are present, reflecting excess supply relative to sales activity in the market.

4. The median listing price of $150,000 shows a notable gap compared to the sold price, indicating potential adjustments needed for seller expectations.

5. The rental market remains strong with a median market rent of $2,298, experiencing an up trend year-over-year.

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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.