Baltimore, MD 21217 Real Estate Market Report

ZIP Code: 21217
Report Date: February 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) is currently $298,900, reflecting a stable market environment. This price point indicates a balanced market, with no significant historical price change data available to suggest volatility. The market appears to be stabilizing as it transitions from previous extremes, with a neutral market temperature suggesting moderate activity and liquidity.

Inventory levels are elevated, with a notable gap between the median listing price of $239,900 and the median sold price. This discrepancy may indicate seller expectations that are not fully aligned with current market realities, contributing to slower sales velocity, as evidenced by a median days on market of 240 days. The prevailing interest rate pressure at 5.875%, which is higher than the Maryland average, further complicates buyer affordability, potentially impacting future sales dynamics.

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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 MD 21217 area at 5.875% are 0.7% higher than the recent Maryland average of 5.175% seen in early 2026, indicating a slight rate increase for new loans.

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. $298,900 is the current median sold price, indicating a stable market environment with no significant historical price change data available.

2. The market temperature is neutral, suggesting balanced conditions with moderate transaction volume and liquidity.

3. Elevated inventory levels are present, as the median listing price of $239,900 shows a significant gap compared to the median sold price.

4. The median days on market stands at 240 days, indicating slower sales velocity and potential pricing friction in the market.

5. Interest rate pressure remains elevated at 5.875%, which may impact buyer affordability and future sales activity.

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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.