Columbia, MD 21044 Real Estate Market Report

ZIP Code: 21044
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 Columbia, MD are 6.25% compared to 5.87% when typical loans in this area originated in February 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 $575,000 median sold price is the primary indicator of current market value and suggests recent transaction activity is supporting a modestly strengthening market given the broader context of prices up.

2. Despite a $529,450 median listing price that creates a visible spread versus recent sales, the market shows hot conditions (market temperature: hot) which may allow sellers to achieve sale prices above asking in competitive situations.

3. A 240 median days on market points to slower sales velocity than typical rapid-turn environments and suggests some pricing friction or elongated negotiation timelines even as prices trend upward.

4. The $289 median price per square foot alongside a $2,185 median market rent and rent year-over-year trend up indicate sustained rental demand and relative value for owners, while interest rate pressure remains moderate, which may temper buyer urgency despite a generally hot market.

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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.

Columbia, MD 21044 Real Estate Market Report

ZIP Code: 21044
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 Columbia, MD are 6.25% compared to 5.87% when typical loans in this area originated in February 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 indicator of market value is median sold price: $269,900, which represents the most reliable signal of recent transaction activity in the neighborhood and suggests realized pricing near the mid-$200Ks; favorable recent closings may support seller confidence given other market signals.

2. There is a notable gap between median listing price: $330,000 and median sold price: $269,900, which may indicate pricing friction or optimistic seller expectations relative to what buyers are paying; consider advising sellers to align asks with comparable recent sales to reduce negotiation time.

3. Market velocity appears slower on a time-to-sale basis with median days on market: 259, which, combined with the gap between asking and selling prices, suggests cautious liquidity and that longer marketing strategies or targeted pricing may be needed to close deals.

4. Broader market context is supportive: market temperature: hot and price year-over-year trend: up, while interest rate pressure: moderate and mortgage comparison shows current 30-year fixed rates at 6.25% versus 5.87% from February 2026; this mix suggests continued buyer interest but with sensitivity to financing costs, so prioritize buyers pre-approval and rate-lock strategies when advising sellers or 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.