Baltimore, MD 21229 Real Estate Market Report
ZIP Code: 21229
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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 are 6.25% compared to the 5.99% average observed when typical loans in this area originated in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's primary market indicator, median sold price, is $179,450, which anchors recent transaction value and aligns with the observed price year-over-year trend being up, indicating modest upward pressure on realized prices.
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The median listing price is $180,000, and with a long median days on market of 193, sellers should expect slower transaction velocity and may need to manage pricing expectations or offer concessions to achieve sale timelines consistent with recent closed transactions.
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The median price per square foot is $141 while median market rent is $1,500; with rent year-over-year trend up, investors and owners considering rentals should monitor rent growth but avoid presuming immediate yield compression without localized comps analysis.
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Market liquidity appears characterized by elevated inventory relative to sales activity and a neutral market temperature (neutral); combined with moderate interest rate pressure and a local 30-year fixed comparison of 6.25% versus an earlier average of 5.99%, buyers and sellers should factor financing cost sensitivity into timing and offer strategy.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Baltimore, MD 21229 Real Estate Market Report
ZIP Code: 21229
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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 are 6.25% compared to the 5.99% average observed when typical loans in this area originated in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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$215,900 median sold price is the primary indicator of current market value and, combined with a price trend is up, signals slight appreciation—use recent closed sales as the baseline when positioning offers or comps.
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178 median days on market points to slower sales velocity; this relatively constrained active supply in the analyzed sample may indicate pricing friction and suggests sellers should expect longer time-to-contract unless pricing is aligned with recent sales.
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$159 median price per square foot alongside a $1,450 median market rent and a rent trend is up implies rent growth is supporting price resilience; buyers financing purchases should factor in the moderate interest rate pressure environment and the current rate spread (30‑year ~6.25% vs ~5.99% when prior loans originated) into affordability analyses.
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Given the neutral market temperature and the observed metrics, sellers should price to recent solds to avoid extended days on market, and buyers should leverage the slower velocity to request reasonable concessions or inspection contingencies while monitoring interest rate movement for timing decisions.
Notable Properties
The following 3 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.3% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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