Baltimore, MD 21217 Real Estate Market Report

ZIP Code: 21217
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 21217 market are 6.5%, which is 0.5% higher than the 6.0% average observed for typical loans in this area 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 recent market indicator is the median sold price of $305,450, which anchors local valuations and suggests completed transaction levels are below asking expectations given the observed listing/sales gap; down price momentum should prompt sellers to set offers closer to recent sale levels to avoid extended exposure.

2. The market shows materially slower liquidity: the median days on market of 325 points to prolonged marketing periods and moderate transaction volume, which may increase concessions and negotiation leverage for buyers while requiring longer holding assumptions for sellers and investors.

3. Price and financing headwinds are notable — the price year-over-year trend is down while interest rate pressure is elevated and local 30-year rates are 6.5% (0.5% higher than earlier 2026 levels); elevated interest rate pressure may suppress buyer affordability and reduce price support near current listing expectations.

4. Inventory dynamics appear to favor buyers: sampled supply is higher relative to recent sales activity, creating elevated inventory relative to sales activity that, combined with the median listing price of $180,000 and the median price per square foot of $120, suggests pricing friction between seller expectations and realized transaction prices.

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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 21217 Real Estate Market Report

ZIP Code: 21217
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 21217 market are 6.5%, which is 0.5% higher than the 6.0% average observed for typical loans in this area 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 signal of local market value is the median sold price of 149,950, which anchors pricing expectations and indicates recent transaction levels in the neighborhood; with the price year-over-year trend showing down, sellers should expect downward pressure relative to prior-year pricing.

2. Despite the neutral market temperature, liquidity appears muted: the median days on market of 330 points to slower sales velocity and suggests increased holding time for listings, which may require sellers to plan for extended carrying costs or consider staged price reductions.

3. Pricing and rent context diverge: the median price per square foot of 153 combined with a median market rent of 1,495 and a rent year-over-year trend that is up indicates rental demand remains supportive, so owners evaluating disposition vs. conversion to long-term rental should weigh improving rents against softened sale pricing.

4. Macro headwinds are material: interest rate pressure is elevated, and current mortgage conditions in the market show 30-year rates at 6.5%, which is 0.5% higher than the earlier 6.0% benchmark; this elevated financing cost elevated may further constrain buyer affordability and prolong time to contract, so pricing sensitivity and conservative underwriting are advised.

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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.