Is Baltimore, MD 21202 a buyer’s or seller’s market?
Baltimore is a buyer’s market. With about 10.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 6% of U.S. ZIP codes, and #236 of 241 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Baltimore housing market right now
In the three months ending August 31, 2026, 10% of homes in Baltimore, MD 21202 sold above their list price, the typical home went under contract in 75 days and there were 10.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 32 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (56 days then) and the median sale price rose 17% to $279,879. Overall, Baltimore is less competitive than a year ago, which gives buyers more room.
Within Baltimore city, homes here sell more slowly than in 95% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Baltimore ranks #236 of 241 MD ZIP codes with enough sales (score 13 out of 100).
Nearby, Baltimore 21214 (49% sold over asking) and Baltimore 21212 (48% sold over asking) are even more competitive.
Run the numbers for 21202
Nearby markets
Baltimore 21201Balanced $178 /sq ftBaltimore 21205Buyer’s market $131 /sq ftBaltimore 21206Seller’s market $166 /sq ftBaltimore 21210Seller’s market $256 /sq ft Browse all markets →Towns like Baltimore nearby
Find towns like Baltimore in other states →Where Baltimore is
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Questions about Baltimore real estate
Is Baltimore a buyer’s or seller’s market?
A buyer’s market: there were 10.8 months of supply in Baltimore, MD 21202 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Baltimore?
The typical home went under contract in 75 days in the latest three months.
Do homes in Baltimore sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Baltimore?
About 1.46% of a home’s value a year in Baltimore city, or roughly $5,840 on a $400,000 home.
What is the median home price in Baltimore?
The median sale price was $279,879 in the three months ending August 31, 2026, about $203 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology