What is the typical home value in Baltimore - MD?

The typical home in Baltimore - MD, MD is worth $396,959 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +0.4%.

How long do homes stay on the market in Baltimore - MD?

The median days to pending (time on market before a sale) in Baltimore - MD is currently 16 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Baltimore - MD?

30.2% of active listings in Baltimore - MD have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is it cheaper to rent or buy in Baltimore - MD?

The price-to-rent ratio in Baltimore - MD is 17.1x (typical home value divided by a year of typical rent), which puts it in toss-up on the Rent vs Buy Index. Typical rent is $1,937 a month versus a principal-and-interest mortgage payment of about $2,199 on the typical home at 7.4% with 20% down.

What income do you need to buy a home in Baltimore - MD?

About $115,500 a year in household income, assuming 20% down ($79,392), a 30-year fixed mortgage at 7.4%, property tax and insurance, and a 28% payment-to-income cap. The monthly payment works out to about $2,695.

Is Baltimore - MD a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Baltimore - MD is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

MD · Metro #20

Baltimore - MD housing market

The Baltimore metro has a typical home value of $396,959, up 0.4% from a year ago. Homes are moving fast at 16 days on market, a strong seller's market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value

$396,959

+0.4% vs. year ago

Median sale price

$397,385

+4.3% YoY

Median list price

$374,967

Sale-to-list ratio

100.1%

Selling above ask

Days on market

16d

Listings w/ price cut

30.2%

New listings / mo

3,097

+0.7% YoY

Homes for sale

9,151

+11.1% YoY

Typical rent

$1,937/mo

+2.8% YoY

Income needed to buy

$115,500

$2,695/mo · #130 of 195

Rent vs buy

17.1x

Toss-up · #94 of 195

October 2026 report · Zillow data through September 2026

Baltimore housing market, October 2026

The typical Baltimore home is worth $396,959 as of September 2026, down 0.1% from the prior month, down 0.1% over three months, and up 0.4% from a year ago. Over the past two years values have ranged from $388,487 to $397,576.

Homes are going pending in about 16 days, slower than the 9 days seen three months earlier. There are roughly 9,151 homes for sale, 11% more than a year ago. 30.2% of listings have taken a price cut (up from 25.6% three months ago).

Typical rent is $1,937 a month, up 2.8% year over year, which puts the price-to-rent ratio at 17.1.

At this week's 7.40% mortgage rate with 20% down ($79,392), the typical Baltimore home costs about $2,695 a month including tax and insurance, which needs a household income of roughly $115,500 to stay under a 28% payment-to-income ratio.

Typical home value, 24 months

Days to pending, 24 months

Homes for sale, 24 months

Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →

Context

How to read this data

The typical home value ($396,959) is the Zillow Home Value Index for the Baltimore - MD metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.4% over the past year. In Baltimore - MD, that means a home worth $395,377 last year is now worth roughly $396,959.

The median sale price, what homes actually close for, is $397,385. Homes are selling at 100.1% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Baltimore - MD sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.

About 30.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,097 new listings hit the market each month in Baltimore - MD. There are currently 9,151 homes for sale, up 11.1% from a year ago.

The typical monthly rent in Baltimore - MD is $1,937, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.1x, toss-up (#94 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,199 a month in principal and interest, $262 more than renting before taxes, insurance and upkeep. The two break even at a 6.16% rate.