Baltimore, MD 21218 Real Estate Market Report

ZIP Code: 21218
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: 21218) is $256,000, reflecting a stable market environment. This indicates a slight appreciation in property values, contributing to a more balanced market dynamic. The market has shown resilience, with a year-over-year price trend reported as up, suggesting ongoing buyer interest despite the increased inventory levels.

Transaction activity appears moderate, with 182 days on market indicating a slower sales velocity. The elevated inventory levels suggest a shift towards a more neutral market, where buyers have more options and sellers may need to adjust expectations to align with current market conditions. The rental market remains robust, with a median market rent of $2,298, indicating sustained demand for rental properties despite fluctuations in short-term rent trends.

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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 6.09% to 6.375%, which is notably lower than the 6.87% average seen a year ago.

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 of $256,000 indicates a stable market with slight appreciation in property values.

2. With 182 days on market, the sales velocity is slower, suggesting moderate transaction activity.

3. The median listing price of $249,950 reflects seller expectations that may need adjustment given current market dynamics.

4. The market temperature is neutral, indicating a balanced environment for both buyers and sellers.

5. Rental demand remains strong, with a median market rent of $2,298, despite mixed short-term fluctuations.

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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.