Baltimore, MD 21230 Real Estate Market Report

ZIP Code: 21230
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: 21230) is characterized by a median sold price of $274,950, reflecting a stable market environment. The neighborhood has experienced an increase in prices year-over-year, indicating a positive trend despite some month-over-month fluctuations. The current median listing price stands at $329,999, suggesting a notable gap between seller expectations and actual transaction values, which may create pricing friction for prospective buyers.

The market is currently experiencing elevated inventory levels, which may indicate a shift towards equilibrium as the increase in housing supply is cooling off previous scarcity. With a median days on market of 162, the sales velocity appears slower, suggesting that properties are taking longer to sell. Overall, the market sentiment remains neutral, supported by a generally positive local economic outlook and moderate interest rate pressure.

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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 21230 area around 5.80% are notably lower than the 6.57% average seen earlier in 2026, presenting a refinancing cost opportunity for property owners.

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 $274,950 indicates a stable market, with prices showing a year-over-year trend that is up.

2. With a median listing price of $329,999, there is a significant gap between asking prices and sold prices, which may create pricing friction for buyers.

3. The median days on market of 162 reflects a slower sales velocity, suggesting that properties are taking longer to transact, which may indicate weak liquidity.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

5. The median market rent of $2,270 shows an upward trend, indicating a potentially strong rental market that may attract investors.

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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.