Baltimore, MD 21229 Real Estate Market Report

ZIP Code: 21229
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Baltimore, MD (ZIP: 21229) reflects a median sold price of $175,000, indicating a stable market despite recent fluctuations. The neighborhood has experienced a flat price trend, suggesting a period of stabilization in home values. The median listing price stands at $185,000, which creates a notable gap between asking and selling prices, potentially indicating seller expectations that may not align with current buyer sentiment.

Transaction activity appears moderate, with 172 days on market highlighting a slower sales velocity. This extended duration may suggest elevated inventory levels, as the market adjusts to a balance between supply and demand. The overall market temperature is categorized as neutral, providing opportunities for negotiation while maintaining steady rental demand, with a median market rent of $2,298. The current interest rate pressure is elevated, which may influence buyer behavior and affordability 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, MD 21229 area around 5.875% are notably lower than the 6.595% average rate observed for similar loans originated earlier in 2026.

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 $175,000 reflects a stable market, despite a notable gap with the median listing price of $185,000.

2. Transaction velocity is slower, with properties spending 172 days on market, indicating potential pricing friction.

3. The market temperature is classified as neutral, suggesting balanced conditions that may allow for negotiation opportunities for buyers.

4. Rental demand remains steady, with a median market rent of $2,298, indicating ongoing interest in rental properties.

5. Elevated interest rate pressure may impact buyer affordability and overall market dynamics moving forward.

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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.