Baltimore, MD 21230 Real Estate Market Report

ZIP Code: 21230
Report Date: May 2026
Market Temperature: COLD
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.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Baltimore, MD 21230 are 6.25%, which is 0.26% higher than the 5.99% average observed in early 2026.

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 neighborhood's primary market indicator, the median sold price 284,900, represents the most reliable signal of recent transaction activity and should be treated as the baseline for valuation decisions; representative recent sale informs comps more than asking prices in this environment.

2. There is a notable spread between the median listing price 264,450 and the median sold price 284,900, which may indicate either successful seller concessions in select transactions or sample composition differences rather than broad market strength—buyers and appraisers should treat listing price as less authoritative than completed sales.

3. Liquidity is slow: the median days on market 207 signals markedly slower sales velocity and suggests longer marketing periods and increased holding costs for sellers; this aligns with a cold market temperature and the down price year-over-year trend.

4. Financing and rental context are headwinds: elevated interest rate pressure is present (Current 30-year fixed mortgage rates in Baltimore, MD 21230 are 6.25%, which is 0.26% higher than the 5.99% average observed in early 2026), and median market rent 1,958 is shown alongside a down rent year-over-year trend, which together may constrain investor yield expectations and buyer affordability in the near term.

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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.

Baltimore, MD 21230 Real Estate Market Report

ZIP Code: 21230
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Baltimore, MD 21230 are 6.25%, which is 0.26% higher than the 5.99% average observed in early 2026.

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 primary market indicator, the median sold price of $372,450, shows recent transaction-level value and suggests softer realized pricing versus asking expectations in the area.

2. There is a meaningful pricing gap between the median listing price of $450,000 and the median sold price of $372,450, which may indicate pricing friction and sellers needing to adjust expectations to close transactions.

3. Market velocity is slow as evidenced by the median days on market of 322, which points to slower sales velocity and reduced liquidity for SFR and condominium properties relative to more active environments.

4. Broader trend and financing context are negative: year-over-year price direction is down, market temperature is cold, rent direction is down, and interest rate pressure is elevated (current 30-year fixed ~6.25%, ~0.26% above the 5.99% early‑2026 reference), collectively signaling declining market momentum and downside sensitivity to higher borrowing costs.

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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.