The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market March 2021

Zip Code(s): 21113 and 20755
Units Sold
77
Active Inventory
77
Median Sale Price
$410,000
Days On Market
25
Up
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 24%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 77 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 41 units or 35%. The total number of active inventory this March was 77 compared to 118 in March 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last March, the median sale price for Odenton and Fort Meade Homes was $330,000. This March, the median sale price was $410,000, an increase of 24% or $80,000 compared to last year. The current median sold price is 17% higher than in February.

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


New Listings
123
Current Contracts
109
Sold Vs. List Price
100.7%
Months of Supply
1.0
Up 34%
Vs. Year Ago
Up 54%
Vs. Year Ago
No Change
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In March, there was 1.0 months of supply available in Odenton and Fort Meade, compared to 2.2 in March 2020. That is a decrease of 55% 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 123 homes newly listed for sale in Odenton and Fort Meade compared to 92 in March 2020, an increase of 34%. There were 109 current contracts pending sale this March compared to 71 a year ago. The number of current contracts is 54% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Odenton and Fort Meade was 100.7% 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 25, lower than the average last year, which was 29, a decrease of 14%.

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.