Baltimore, MD 21218 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 market indicator is the median sold price of $174,000, which reflects recent transaction activity and suggests that actual market value is materially lower than asking benchmarks; this gap may indicate pricing friction between seller expectations and completed sales.
2. The median listing price is $240,000 while the median sold price is $174,000, which suggests a meaningful spread between asking and realized prices and may indicate sellers are pricing above what buyers are completing on in the current cycle. balanced but cautious price discovery.
3. The median days on market is 244, signifying slower sales velocity and extended time to transact that may reflect buyer caution or tighter credit conditions; elevated interest rate pressure is present and may be contributing to the longer marketing times.
4. Market temperature is neutral with price year-over-year trend reported as down and rent year-over-year trend reported as up; this combination suggests a market where sale prices are softening while rental demand and rents show modest strength, so owners and investors should weigh rental upside against subdued sale-price momentum.

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.