Baltimore, MD 21222 Real Estate Market Report

ZIP Code: 21222
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Baltimore, MD (ZIP: 21222) is $220,000, reflecting a slight decrease in home values over the past year. This trend indicates a market that has decreased 8% since 2022, suggesting a potential shift in buyer sentiment and pricing expectations. Despite this decline, the market remains active with a median days on market of 188, indicating slower sales velocity and a need for sellers to adjust their pricing strategies to attract buyers.

Current market conditions show elevated inventory levels relative to sales activity, which may indicate excess supply. The median listing price stands at $229,950, creating a pricing gap that could lead to negotiation opportunities for buyers. Furthermore, the market temperature is classified as neutral, suggesting a balanced environment where both buyers and sellers may find opportunities, albeit with caution due to the recent downward trend in home values.

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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 Baltimore are averaging 6.22% as of March 19, 2026, which is 0.45% lower than the 6.67% average from a year ago.

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 is $220,000, indicating a market that has decreased in value over the past year.

2. With a median days on market of 188, the market is experiencing slower sales velocity, suggesting that properties may take longer to sell.

3. The median listing price of $229,950 reflects a pricing gap that may provide negotiation opportunities for buyers.

4. Rental prices in the area show a slight cooling, with a median market rent of $2,298, indicating potential shifts in rental demand.

5. Current interest rate pressure is classified as elevated, which may impact buyer affordability and overall market activity.

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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.