Baltimore, MD 21224 Real Estate Market Report

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

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Executive Overview

As of April 2026, the real estate market in Baltimore, MD (ZIP: 21224) is characterized by a median sold price of $249,000, reflecting a stable market environment. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. Despite this appreciation, the market exhibits slower sales velocity, with homes remaining on the market for a median of 188 days. This extended time on the market suggests that while prices are rising, buyer activity may not be keeping pace with seller expectations, leading to potential pricing friction.

Inventory levels appear elevated relative to sales activity, indicating a balanced market temperature. The median listing price stands at $264,000, suggesting a gap between seller expectations and actual transaction values. This discrepancy may provide opportunities for buyers, as the market remains favorable for those looking to negotiate. Additionally, robust rental demand is contributing to a median market rent of $2,260, further supporting the overall health of the local real estate landscape.

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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.

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Key Findings

1. The median sold price of $249,000 reflects a strong appreciation, having increased 15% since 2023, signaling a positive trend in property values.

2. With a median days on market of 188, properties are experiencing slower sales velocity, indicating potential pricing friction for sellers.

3. The median listing price of $264,000 suggests a gap between seller expectations and actual market transactions, which may present negotiation opportunities for buyers.

4. Elevated inventory levels relative to sales activity indicate a balanced market temperature, allowing for a more favorable environment for buyers.

5. Robust rental demand is evident with a median market rent of $2,260, contributing positively to the overall market dynamics.

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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.