The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market December 2022

Zip Code(s): 21113 and 20755
Units Sold
31
Active Inventory
34
Median Sale Price
$400,000
Days On Market
23
Down
Vs. Year Ago
Down -23%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 44%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in December, with 31 sold this month in Odenton and Fort Meade Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 23%. The total number of active inventory this December was 34 compared to 44 in December 2021. This month's total of 34 is lower than the previous month's total supply of available inventory of 48, a decrease of 29%.

Median Sale Price
Last December, the median sale price for Odenton and Fort Meade Homes was $415,000. This December, the median sale price was $400,000, a decrease of 4% or $15,000 compared to last year. The current median sold price is 9% lower than in November.

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


New Listings
33
Current Contracts
34
Sold Vs. List Price
99.8%
Months of Supply
1.1
Down -42%
Vs. Year Ago
Down -35%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Up 96%
Vs. Year Ago

Months of Supply
In December, there was 1.1 months of supply available in Odenton and Fort Meade, compared to 0.6 in December 2021. That is an increase of 97% 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 33 homes newly listed for sale in Odenton and Fort Meade compared to 57 in December 2021, a decrease of 42%. There were 34 current contracts pending sale this December compared to 52 a year ago. The number of current contracts is 35% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Odenton and Fort Meade was 99.8% of the average list price, which is 1.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 23, higher than the average last year, which was 16, an increase of 44%.

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.