Odenton and Fort Meade Housing Market Data

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.

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%.

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.

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.

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.

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.

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





Focus On: Odenton and Fort Meade Housing Market			October 2021

Zip Code(s): 21113 and 20755
Units Sold 103	Active Inventory 73	Median Sale Price $397,000	Days On Market 22

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 94	Current Contracts 93	Sold Vs. List Price 101.7%	Months of Supply 0.7

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.


	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.