The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market October 2021

Zip Code(s): 21113 and 20755
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 14%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 1%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 103 sold this month in Odenton and Fort Meade Real Estate versus 105 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 14% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 60 units or 45%. The total number of active inventory this October was 73 compared to 133 in October 2020. This month's total of 73 is lower than the previous month's total supply of available inventory of 92, a decrease of 21%.

Median Sale Price
Last October, the median sale price for Odenton and Fort Meade Homes was $395,000. This October, the median sale price was $397,000, an increase of 1% or $2,000 compared to last year. The current median sold price is 7% lower than in September.

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
Down -29%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -52%
Vs. Year Ago

Months of Supply
In October, there was 0.7 months of supply available in Odenton and Fort Meade, compared to 1.5 in October 2020. That is a decrease of 52% 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 94 homes newly listed for sale in Odenton and Fort Meade compared to 132 in October 2020, a decrease of 29%. There were 93 current contracts pending sale this October compared to 112 a year ago. The number of current contracts is 17% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Odenton and Fort Meade was 101.7% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, which is similar compared to a year ago.

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.