Dundalk, MD 21222 Real Estate Market Report

ZIP Code: 21222
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

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.

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Key Findings

1. median sold price of $217,900 remains the primary indicator of recent market value and transaction activity for Dundalk; the gap versus the median listing price of $259,999 may indicate pricing friction where seller expectations exceed realized sale levels — pricing gap suggests sellers may need to adjust.

2. median days on market of 184 suggests slower sales velocity and elongated time-to-close compared with typical fast-moving markets; this pace may indicate moderated liquidity despite other hot-market signals.

3. market temperature is hot while the price year-over-year trend is down, a combination that suggests competitive conditions for certain listings but overall downward pressure on sold prices — down.

4. median market rent of $1,850 combined with a rent year-over-year trend of up and interest rate pressure labeled moderate suggests continued investor and landlord interest, supporting rental demand even as sale prices show downward movement — rent growth remains a strength.

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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.