Baltimore, MD 21217 Real Estate Market Report

ZIP Code: 21217
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Baltimore, MD (ZIP: 21217) stands at $256,500, reflecting a stable market despite recent fluctuations. The neighborhood has decreased 8% since 2022, indicating a softening in market values. This trend suggests that while some segments may appreciate, the overall market is experiencing downward pressure, likely influenced by elevated interest rate pressure and reduced buyer affordability.

Transaction activity appears moderate, with elevated inventory levels contributing to a slower sales velocity. The median days on market is notably high at 292 days, which may indicate a lag in buyer engagement. The current market temperature is classified as neutral, suggesting a balance between supply and demand, yet the excess supply relative to sales activity may create pricing friction for sellers.

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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 average around 6.375% to 6.65%, which is slightly higher than the 6.000% rate seen at some local lenders in early 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 median sold price is $256,500, indicating a stable yet slightly declining market trend.

2. With 292 days as the median days on market, the market shows signs of slower sales velocity, suggesting potential pricing adjustments may be needed.

3. The median listing price of $252,400 is closely aligned with the sold price, indicating realistic seller expectations amidst a balanced market.

4. Elevated interest rate pressure is impacting buyer affordability, contributing to a down trend in overall market prices.

5. The median market rent is $2,298, which is up year-over-year, reflecting a strengthening rental market despite the challenges in the sales segment.

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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.