The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market April 2019

Zip Code(s): 21113 and 20755
Units Sold
67
Active Inventory
119
Median Sale Price
$345,750
Days On Market
53
Up 14%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 32%
Vs. Year Ago

Units Sold
The number of units sold remained stable in April, with 67 sold this month in Odenton and Fort Meade Real Estate. This month's total units sold was higher than at this time last year, an increase of 18% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 2%. The total number of active inventory this April was 119 compared to 122 in April 2018. This month's total of 119 is lower than the previous month's total supply of available inventory of 131, a decrease of 9%.

Median Sale Price
Last April, the median sale price for Odenton and Fort Meade Homes was $302,000. This April, the median sale price was $345,750, an increase of 14% or $43,750 compared to last year. The current median sold price is 6% lower than in March.

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


New Listings
100
Current Contracts
95
Sold Vs. List Price
99.5%
Months of Supply
1.8
Up 18%
Vs. Year Ago
Up 48%
Vs. Year Ago
No Change
Vs. Year Ago
Down -14%
Vs. Year Ago

Months of Supply
In April, there was 1.8 months of supply available in Odenton and Fort Meade, compared to 2.1 in April 2018. That is a decrease of 14% 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 100 homes newly listed for sale in Odenton and Fort Meade compared to 85 in April 2018, an increase of 18%. There were 95 current contracts pending sale this April compared to 64 a year ago. The number of current contracts is 48% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Odenton and Fort Meade was 99.5% 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 53, higher than the average last year, which was 40, an increase of 33%.

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.