Baltimore, MD 21224 Real Estate Market Report

ZIP Code: 21224
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Baltimore, MD (ZIP: 21224) is $276,000, reflecting a stable market condition. This indicates a resilient environment for home values, even as the market adjusts to increased inventory levels. The neighborhood has seen a flat price trend, suggesting that while values are holding steady, there is a lack of upward momentum in pricing.

Transaction activity appears moderate, with a median of 147 days on market, indicating slower sales velocity. Elevated inventory levels relative to sales activity may suggest a shift towards a more balanced market, easing buyer pressure and providing opportunities for negotiation. As the market stabilizes, the rental sector shows a median market rent of $2,260, indicating sustained demand despite mixed signals on price direction.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 Baltimore MD 21224 average around 5.875% to 6.55%, which is lower than the 2026 historical average of 6.70% seen earlier in the year.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. $276,000 is the median sold price, indicating a stable market with no significant price increases.

2. The median days on market is 147, reflecting slower sales velocity and potential pricing friction for sellers.

3. Elevated inventory levels suggest excess supply relative to sales activity, contributing to a more balanced market environment.

4. The median market rent stands at $2,260, indicating sustained demand in the rental sector despite mixed price signals.

5. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

---

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.