The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market December 2020

Zip Code(s): 21113 and 20755
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -20%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -61%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 95 sold this month in Odenton and Fort Meade Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 20%. The total number of active inventory this December was 94 compared to 118 in December 2019. This month's total of 94 is lower than the previous month's total supply of available inventory of 110, a decrease of 15%.

Median Sale Price
Last December, the median sale price for Odenton and Fort Meade Homes was $372,500. This December, the median sale price was $369,000, a decrease of 1% or $3,500 compared to last year. The current median sold price is 4% higher than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 61%
Vs. Year Ago
Up 59%
Vs. Year Ago
No Change
Vs. Year Ago
Down -64%
Vs. Year Ago

Months of Supply
In December, there was 1.0 months of supply available in Odenton and Fort Meade, compared to 2.7 in December 2019. That is a decrease of 64% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 66 homes newly listed for sale in Odenton and Fort Meade compared to 41 in December 2019, an increase of 61%. There were 73 current contracts pending sale this December compared to 46 a year ago. The number of current contracts remained stable as compared to last December.

Sale Price to List Price Ratio
In December, the average sale price in Odenton and Fort Meade was 100.3% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 54, a decrease of 61%.

The Long & Foster Market Minute Odenton and Fort Meade are defined as properties listed in zip code/s 21113 and 20755.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.