Baltimore, MD 21223 Real Estate Market Report

ZIP Code: 21223
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the Baltimore market reflects a median sold price of $125,916.50, indicating a modest appreciation in sale prices. The market has shown a year-over-year trend of prices being up, suggesting a gradual strengthening in value. However, the median days on market has increased to 278, indicating a slower sales velocity and longer transaction times, which may suggest a shift toward a more balanced market equilibrium.

The current inventory conditions are characterized by elevated inventory levels relative to sales activity, with a significant number of properties available compared to those sold. This excess supply may create pricing friction as sellers adjust their expectations to align with market realities. Overall, the market appears to be stabilizing, with affordability remaining a key strength, which could support sustainable growth moving forward.

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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 market around 6.13% are slightly below the recent March 2026 average of 6.19%, suggesting property owners may have locked in a marginally favorable rate.

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 $125,916.50 indicates a stable market with modest appreciation.

2. The median days on market has risen to 278, suggesting slower sales velocity and longer transaction times.

3. Inventory levels are elevated, indicating excess supply relative to sales activity.

4. The median market rent stands at $2,009, reflecting a up trend in rental prices year-over-year.

5. Current mortgage rates are around 6.13%, slightly below the recent average, which may provide a marginally favorable borrowing environment.

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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.