ODENTON AND FORT MEADE HOUSING MARKET DATA

There was a decrease in total units sold in January, with 33 sold this month in Odenton and Fort Meade Real Estate versus 47 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 3% versus January 2024.

Versus last year, the total number of homes available this month is lower by 15 units or 32%. The total number of active inventory this January was 32 compared to 47 in January 2024. This month's total of 32 is lower than the previous month's total supply of available inventory of 38, a decrease of 16%.

Last January, the median sale price for Odenton and Fort Meade Homes was $457,500. This January, the median sale price was $460,000, an increase of 1% or $2,500 compared to last year. The current median sold price is 1% lower than in December.

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

In January, there was 1.0 months of supply available in Odenton and Fort Meade, compared to 1.4 in January 2024. That is a decrease of 30% 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.

This month there were 28 homes newly listed for sale in Odenton and Fort Meade compared to 35 in January 2024, a decrease of 20%. There were 32 current contracts pending sale this January compared to 26 a year ago. The number of current contracts is 23% higher than last January.

In January, the average sale price in Odenton and Fort Meade was 101.1% of the average list price, which is 1.1% higher than at this time last year.

This month, the average number of days on market was 33, higher than the average last year, which was 26, an increase of 27%.





FOCUS ON: ODENTON AND FORT MEADE HOUSING MARKET			JANUARY 2025

Zip Code(s): 21113 and 20755
Units Sold 33	Active Inventory 32	Median Sale Price $460,000	Days On Market 33

Down -3% Vs. Year Ago	Down -32% Vs. Year Ago	Up 1% Vs. Year Ago	Up 27% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 33 sold this month in Odenton and Fort Meade Real Estate versus 47 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 3% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 15 units or 32%. The total number of active inventory this January was 32 compared to 47 in January 2024. This month's total of 32 is lower than the previous month's total supply of available inventory of 38, a decrease of 16%.
		Median Sale Price Last January, the median sale price for Odenton and Fort Meade Homes was $457,500. This January, the median sale price was $460,000, an increase of 1% or $2,500 compared to last year. The current median sold price is 1% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 28	Current Contracts 32	Sold Vs. List Price 101.1%	Months of Supply 1.0

Down -20% Vs. Year Ago	Up 23% Vs. Year Ago	Up 1.1% Vs. Year Ago	Down -30% Vs. Year Ago


		Months of Supply In January, there was 1.0 months of supply available in Odenton and Fort Meade, compared to 1.4 in January 2024. That is a decrease of 30% 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 28 homes newly listed for sale in Odenton and Fort Meade compared to 35 in January 2024, a decrease of 20%. There were 32 current contracts pending sale this January compared to 26 a year ago. The number of current contracts is 23% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Odenton and Fort Meade was 101.1% of the average list price, which is 1.1% higher than at this time last year. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 26, an increase of 27%.


	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.
	Information 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.