Baltimore, MD 21230 Real Estate Market Report

ZIP Code: 21230
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Baltimore, MD (ZIP: 21230) is currently characterized by a median sold price of $230,000, reflecting a slight downward trend in pricing. This represents a market that has seen a decrease in values, indicating a shift towards a more balanced market condition. The median listing price stands at $266,950, suggesting a notable gap between seller expectations and actual transaction values, which may create pricing friction for potential buyers.

Transaction activity appears moderate, with a median of 208 days on market, indicating slower sales velocity. This extended time frame for property sales, combined with elevated inventory levels, suggests that buyers may have more negotiating power in the current climate. The rental market, however, remains robust, with a median market rent of $2,270, reflecting strong demand despite limited new supply. Overall, the market temperature is described as neutral, indicating a balance between supply and demand, but with caution warranted due to the current downward price trend.

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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.

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Key Findings

1. The median sold price of $230,000 indicates a market that has experienced a decrease in values, suggesting potential challenges for sellers.

2. With a median days on market of 208, properties are taking longer to sell, reflecting slower sales velocity in the current market.

3. The median listing price of $266,950 presents a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. The rental market remains strong with a median market rent of $2,270, suggesting growing demand despite limited new supply.

5. Overall, the market temperature is neutral, indicating a balanced market but with caution due to the recent price trends.

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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.