Baltimore, MD 21217 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. The neighborhood's primary value indicator is the median sold price of $174,000, which reflects recent transaction activity; the notable gap versus the median listing price of $232,200 suggests sellers may be pricing above realized values and creating pricing friction.
2. The median days on market is 350, signaling slower sales velocity that may reflect longer decision cycles or financing constraints; combined with a neutral market temperature, this appears to produce balanced but sluggish liquidity rather than aggressive turnover.
3. Price year-over-year trend is up while rent year-over-year trend is up, indicating concurrent appreciation pressure and strengthening rental demand; this price and rent momentum supports consideration of buy-and-hold strategies if financing conditions permit.
4. Inventory shows elevated inventory relative to sales activity in the analyzed sample, and interest rate pressure is elevated, which may constrain buyer purchasing power and extend time-to-sale; underwrite deals with conservative financing assumptions and stress-test cash flow against elevated interest rate pressure.

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.