Baltimore, MD 21231 Real Estate Market Report

ZIP Code: 21231
Report Date: May 2026
Market Temperature: HOT
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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Baltimore 21231 area average 6.38%, reflecting a stable market environment for property owners compared to early 2026 benchmarks.

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 is the median sold price of 339,000, which reflects recent transaction value and aligns with a hot market where the price year-over-year trend is up.

2. The median listing price of 325,000 sits below the median sold price of 339,000, suggesting that seller expectations (listing levels) may be below final transaction levels, enabling sales that clear asking price in many cases.

3. The median days on market of 320 is unusually long and suggests slower sales velocity or pricing friction despite overall market heat; this may indicate selective buyer behavior or longer negotiation timelines rather than broad weak demand.

4. Pricing and rental context shows a median price per square foot of 221 alongside a median market rent of 1,999; rent and price trends are both up, while interest rate pressure is moderate (local 30-year fixed averages ~6.38%), and inventory appears to be elevated relative to sales activity which may temper near-term upside despite strong price momentum.

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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 21231 Real Estate Market Report

ZIP Code: 21231
Report Date: May 2026
Market Temperature: HOT
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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Baltimore 21231 area average 6.38%, reflecting a stable market environment for property owners compared to early 2026 benchmarks.

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. median sold price: $335,500 is the primary indicator of recent market value and, alongside a hot market temperature and a price year-over-year trend of up, suggests realized transaction values are rising and selling conditions remain favorable for sellers.

2. median listing price: $607,000 sits well above the median sold price, which may indicate pricing friction between seller expectations and recent transaction prices and suggests sellers should calibrate asking strategies to align with realized sold prices.

3. median days on market: 332 points to comparatively slower sales velocity despite the hot market temperature, which appears to reflect longer negotiation or holding periods and suggests careful timing and price positioning are important to maintain liquidity.

4. median market rent: $1,700 combined with a rent year-over-year trend of up supports strong rental demand as an alternative return pathway, while current 30-year fixed mortgage rates averaging 6.38% and interest rate pressure labeled moderate advise cautious underwriting assumptions for leveraged acquisitions.

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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.