Dundalk, MD 21222 Real Estate Market Report

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

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Executive Overview

The median sold price in Dundalk, MD (21222) is $228,500, reflecting a slight decrease in market value. This indicates a trend of price stability or slight declines year-over-year, contrasting with broader gains seen in Baltimore County. The market appears to be transitioning towards a neutral state, as homes are taking longer to sell, with a median of 145 days on market, which may suggest buyers now have increased negotiating power.

Inventory conditions show elevated levels, with excess supply relative to sales activity. This may indicate a slower transaction volume, as the market adjusts to elevated interest rates, which are currently contributing to a homeowner "lock-in" effect. As a result, the overall market temperature is classified as neutral, reflecting a balance between buyer and seller expectations.

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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 near 6.16% in Dundalk MD are slightly below the 2026 forecast average of 6.18%, presenting a minor cost opportunity for refinancing compared to projections.

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 $228,500 suggests a market that is stabilizing, albeit with slight declines compared to previous periods.

2. Homes are taking longer to sell, with a median days on market of 145, indicating a potential slowdown in sales velocity.

3. The market temperature is currently neutral, suggesting a balanced environment for buyers and sellers amidst changing conditions.

4. Elevated interest rates are exerting pressure on the market, contributing to a homeowner "lock-in" effect that may restrict inventory levels.

5. The median market rent is $2,009, which has shown an up trend year-over-year, indicating a growing demand for rental properties.

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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.