Baltimore, MD 21223 Real Estate Market Report

ZIP Code: 21223
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 21223 market are 6.5%, which is 0.1% higher than the 6.4% average observed earlier in 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. median sold price: $141,500 is the best single indicator of recent market value in 21223 and suggests modest appreciation given the reported up price year-over-year trend; rely on sold-price comps rather than asking prices for underwriting and offer strategy.

2. There is a noticeable spread between median listing price: $152,500 and the median sold price, which may indicate pricing friction where seller expectations exceed recent transaction levels; consider competitive pricing or contingency terms to improve offer acceptance odds.

3. High median days on market: 319 points to slower sales velocity despite the upward price trend; this suggests patience is required when marketing SFR and condominium listings and that time-on-market should factor into holding-cost models and seller timelines.

4. Market context shows rents and prices rising—median market rent: $1,399 with rent year-over-year trend up and price year-over-year trend up—while interest rate pressure is moderate and current mortgage conditions (30-year ~6.5%, ~0.1% higher than earlier in 2026) advise caution on leverage assumptions for acquisition underwriting.

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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.