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

The median sold price in Baltimore, MD (ZIP: 21229) is $175,000, reflecting a market that has shown signs of stabilization following previous fluctuations. The neighborhood has increased up since 2023, indicating a positive trend in home values. This upward movement in sold prices suggests a growing demand, despite a backdrop of elevated inventory levels, which may indicate a balance in the market as buyers and sellers adjust to current conditions.

Transaction activity appears moderate, with 173 days on market indicating slower sales velocity. The current market temperature is classified as neutral, suggesting a balanced environment where neither buyers nor sellers hold a significant advantage. The moderate interest rate pressure, with current mortgage rates averaging between 6.01% and 6.25%, is contributing to a stable market atmosphere, encouraging potential buyers while keeping overall demand in check.

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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

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.

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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 area average around 6.01% to 6.25%, which is significantly lower than the 6.85% average seen one year ago in February 2025.

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 indicates a positive trend, suggesting increasing buyer confidence in the market.

2. With 173 days on market, properties are experiencing slower sales velocity, reflecting a need for strategic pricing and marketing.

3. The median listing price of $199,000 shows a notable gap compared to sold prices, which may create pricing friction in negotiations.

4. Current mortgage rates between 6.01% and 6.25% are contributing to moderate interest rate pressure, impacting buyer affordability.

5. The median market rent of $2,153.50 suggests a competitive rental market, potentially influencing home buying decisions.

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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.