Baltimore, MD 21234 Real Estate Market Report

ZIP Code: 21234
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the median sold price in Baltimore, MD (ZIP: 21234) stands at $299,900, reflecting a stable market environment. The neighborhood has experienced an upward trend in prices, suggesting resilience despite the current market dynamics. With a median listing price of $334,922, there is a notable gap between asking and selling prices, indicating potential pricing friction as sellers adjust expectations to align with buyer sentiment.

Market activity shows 128 days on market, which points to a slower sales velocity, potentially influenced by elevated inventory levels. The current market temperature is classified as neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage. This equilibrium may lead to a more stable pricing landscape moving forward, as both parties navigate the current conditions.

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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 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 21234 area average around 5.80% to 6.375%, which is notably lower than the 6.87% average seen a year prior in early 2025, suggesting a cost opportunity for refinancing.

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 $299,900 indicates a stable market despite elevated inventory levels.

2. With a median listing price of $334,922, there is a significant gap suggesting potential pricing friction between seller expectations and buyer willingness.

3. Homes are taking a median of 128 days on market, reflecting a slower sales velocity in the current market.

4. The median market rent has increased to $2,009, indicating a growing rental market despite mixed signals in the sales sector.

5. Current mortgage rates range from 5.80% to 6.375%, which is notably lower than the previous year's rates, presenting refinancing opportunities for homeowners.

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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.