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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.

Analysis Window
90 Days
Total Properties Analyzed
186
Active Listings
101
Sold Properties
85

Market Metrics

Median Listing Price
$180,000
Median Sold Price
$179,450
Median Price per Sqft
$141/sqft

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

Median Market Rent
$1,500

Property Taxes

Property Tax Rate
1.26%

Liquidity & Velocity

Median Days on Market
193
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

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

  1. 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.

  2. 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.

  3. 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.

  4. 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

1010 Leeds Ave, Baltimore, MD 21229
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
2 baths
2,255 sqft
$497,475
Mar 1, 2026
$221/sqft/sqft
135 days on market
112 Mallow Hill Rd, Baltimore, MD 21229
Premium

Sold above market average

6 beds
2 baths
1,743 sqft
$462,000
Feb 1, 2026
$265/sqft/sqft
190 days on market
619 Aldershot Rd, Baltimore, MD 21229
Premium

Sold above market average

4 beds
1 baths
1,067 sqft
$450,000
Mar 1, 2026
$422/sqft/sqft
147 days on market
33 S Morley St, Baltimore, MD 21229
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
1 baths
960 sqft
$163,200
Feb 1, 2026
$170/sqft/sqft
292 days on market
304 S Augusta Ave, Baltimore, MD 21229
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
1 baths
1,188 sqft
$160,000
Feb 1, 2026
$135/sqft/sqft
279 days on market
4003 Edmondson Ave, Baltimore, MD 21229
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

- beds
2 baths
1,336 sqft
$158,714
Feb 1, 2026
$119/sqft/sqft
39 N Culver St, Baltimore, MD 21229
Value

Sold below market average

- beds
1 baths
840 sqft
$55,000
Mar 1, 2026
$65/sqft/sqft
53 S Morley St, Baltimore, MD 21229
Value

Sold below market average

- beds
2 baths
1,260 sqft
$50,500
Mar 1, 2026
$40/sqft/sqft

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.

Analysis Window
90 Days
Total Properties Analyzed
86
Active Listings
1
Sold Properties
85

Market Metrics

Median Listing Price
$212,500
Median Sold Price
$215,900
Median Price per Sqft
$159/sqft

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

Median Market Rent
$1,450

Property Taxes

Property Tax Rate
1.72%

Liquidity & Velocity

Median Days on Market
178
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

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

  1. $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.

  2. 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.

  3. $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.

  4. 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

5303 Wyndholme Cir Unit 401, Baltimore, MD 21229
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
2 baths
1,330 sqft
$213,000
Jan 1, 2026
$160/sqft/sqft
181 days on market
5307 Wyndholme Cir Unit 102, Baltimore, MD 21229
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,330 sqft
$200,000
Dec 1, 2025
$150/sqft/sqft
174 days on market
5303 Wyndholme Cir Unit 103, Baltimore, MD 21229
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
2 baths
1,330 sqft
$198,000
Mar 1, 2026
$149/sqft/sqft
163 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$371/mo
21229 Avg Rent
21229 Cost to Own
Rent$1,500
Own$1,129

20% down, 6.3% rate, 1.3% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

21229 Avg nightly rate
21229 Avg occupancy (days/year)
Nightly rate$119/night
Occupancy109 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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