Baltimore, MD 21224 Real Estate Market Report

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

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

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

Key Findings

1. The neighborhood's primary indicator, the median sold price, is $208,000, which reflects recent transaction-level value; juxtaposed with a median listing price of $249,900 and a median price per square foot of $201, this suggests pricing friction where seller expectations exceed realized sale prices.
2. Market velocity is slow: the median days on market is 176, which suggests slower sales velocity and longer time to transact despite a neutral market temperature (market temperature: neutral).
3. Inventory and liquidity appear relatively constrained in the sampled dataset, implying elevated inventory pressure is not evident and the market remains generally balanced; this dynamic may result in moderate transaction volume rather than rapid turnover.
4. Financing and rental context: interest rate pressure is elevated and Current 30-year fixed mortgage rates in the 21224 area are averaging approximately 6.5% as of June 2026, while median market rent is $1,995 and the rent year-over-year trend is up, indicating sustained rental demand that could support investor interest despite higher borrowing costs.

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.