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

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Executive Overview

The Baltimore housing market is currently characterized by a median sold price of $272,400, reflecting a stable environment for transactions. Although there are no specific historical sold price change percentages available, the market is showing signs of stabilization after previous volatility. The recent year-over-year price trend is reported as up, indicating a potential for modest appreciation moving forward.

Transaction activity appears to be moderate, with 154 days on market suggesting a slower sales velocity. The current inventory conditions indicate elevated inventory levels relative to sales activity, which may indicate a balanced market where buyers and sellers can negotiate effectively. With median listing prices at $262,500, there is a noticeable gap between asking prices and sold prices, which could create pricing friction as sellers adjust expectations to align with market realities.

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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 6.04% are slightly higher than the January 2026 forecast average of 5.75%, indicating property owners locked in a marginally better rate recently.

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. $272,400 is the current median sold price, indicating a stable transaction environment in Baltimore.

2. The median days on market stands at 154, suggesting a slower sales velocity in the current market.

3. With median listing prices at $262,500, there is a notable gap compared to sold prices, indicating potential pricing friction as sellers adjust expectations.

4. The market temperature is described as neutral, suggesting a balanced environment for both buyers and sellers.

5. The median market rent is $2,260, which may indicate a growing rental demand in the area, supporting overall market stability.

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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.