Odenton and Fort Meade Housing Market Data

There was an increase in total units sold in June, with 133 sold this month in Odenton and Fort Meade Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 30 units or 25%. The total number of active inventory this June was 90 compared to 120 in June 2020. This month's total of 90 is higher than the previous month's total supply of available inventory of 70, an increase of 29%.

Last June, the median sale price for Odenton and Fort Meade Homes was $359,900. This June, the median sale price was $420,000, an increase of 17% or $60,100 compared to last year. The current median sold price is 4% lower than in May.

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

In June, there was 0.7 months of supply available in Odenton and Fort Meade, compared to 1.8 in June 2020. That is a decrease of 63% 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 132 homes newly listed for sale in Odenton and Fort Meade compared to 109 in June 2020, an increase of 21%. There were 105 current contracts pending sale this June compared to 93 a year ago. The number of current contracts is 13% higher than last June.

In June, the average sale price in Odenton and Fort Meade was 102.0% of the average list price, which is 2.6% higher than at this time last year.

This month, the average number of days on market was 12, lower than the average last year, which was 21, a decrease of 43%.





Focus On: Odenton and Fort Meade Housing Market			June 2021

Zip Code(s): 21113 and 20755
Units Sold 133	Active Inventory 90	Median Sale Price $420,000	Days On Market 12

Up Vs. Year Ago	Down -25% Vs. Year Ago	Up 17% Vs. Year Ago	Down -43% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 133 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 30 units or 25%. The total number of active inventory this June was 90 compared to 120 in June 2020. This month's total of 90 is higher than the previous month's total supply of available inventory of 70, an increase of 29%.
		Median Sale Price Last June, the median sale price for Odenton and Fort Meade Homes was $359,900. This June, the median sale price was $420,000, an increase of 17% or $60,100 compared to last year. The current median sold price is 4% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 132	Current Contracts 105	Sold Vs. List Price 102.0%	Months of Supply 0.7

Up 21% Vs. Year Ago	Up 13% Vs. Year Ago	Up 2.6% Vs. Year Ago	Down -63% Vs. Year Ago


		Months of Supply In June, there was 0.7 months of supply available in Odenton and Fort Meade, compared to 1.8 in June 2020. That is a decrease of 63% 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 132 homes newly listed for sale in Odenton and Fort Meade compared to 109 in June 2020, an increase of 21%. There were 105 current contracts pending sale this June compared to 93 a year ago. The number of current contracts is 13% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Odenton and Fort Meade was 102.0% of the average list price, which is 2.6% higher than at this time last year. Days on Market This month, the average number of days on market was 12, lower than the average last year, which was 21, a decrease of 43%.


	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.