Baltimore, MD 21231 Real Estate Market Report

ZIP Code: 21231
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Baltimore, MD (ZIP: 21231) market is currently characterized by a median sold price of $305,000, reflecting a resilient demand despite elevated interest rate pressures. The neighborhood has increased up since 2023, indicating strong price appreciation and a favorable market for sellers. The median listing price stands at $335,000, suggesting a notable pricing gap that may create friction for buyers as they navigate the market.

Transaction activity appears moderate, with 290 days on market indicating a slower sales velocity. Elevated inventory levels are present, which may suggest a shift towards a more balanced market. However, the overall market temperature remains neutral, indicating that while there is excess supply relative to sales activity, the demand for properties continues to support stable pricing.

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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 MD 21231 market at 6.11% are lower than the recent February 2026 high of 6.55%, presenting a favorable refinancing opportunity for property owners who originated loans at the peak.

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 $305,000 reflects strong market demand, with prices up since 2023.

2. Transaction velocity is slower, with properties spending an average of 290 days on market, indicating a potential need for price adjustments.

3. The median listing price of $335,000 suggests a significant pricing gap, which may create challenges for buyer negotiations.

4. Elevated inventory levels may indicate a shift towards a more balanced market, with excess supply relative to sales activity.

5. The median market rent of $2,390 is also up, suggesting a strengthening 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.