Baltimore, MD 21229 Real Estate Market Report

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

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Executive Overview

As of March 2026, the real estate market in Baltimore, MD (ZIP: 21229) is characterized by a median sold price of $169,900, reflecting a modest adjustment in market values. The neighborhood has experienced a year-over-year price trend that is up, indicating some resilience despite the current cooling market conditions. The median days on market stands at 215, suggesting a slower sales velocity and increased buyer negotiation power, which may indicate a shift towards a more balanced market environment.

Inventory levels appear elevated, with the sample data indicating excess supply relative to sales activity. This trend is further supported by the median listing price of $178,750, which shows a notable gap compared to the sold price, potentially reflecting seller expectations that are not aligning with current buyer demand. Overall, the market temperature is assessed as neutral, suggesting a balanced state with moderate transaction volume and pricing friction.

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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 market average around 6.375% to 6.627% APR, which is notably higher than the 5.500% rate seen in early March 2026 for comparable loans.

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 $169,900 indicates a potential softening in market values relative to previous periods.

2. With median days on market at 215, the market is experiencing slower sales velocity, allowing buyers more negotiation power.

3. The median listing price of $178,750 suggests a pricing gap that may create friction between seller expectations and buyer willingness.

4. Inventory levels are characterized by elevated inventory, indicating excess supply relative to sales activity in the area.

5. The median market rent of $2,298 continues to rise, reflecting ongoing demand in the rental market despite the cooling sales environment.

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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.