Odenton and Fort Meade Housing Market Data

There was a decrease in total units sold in October, with 45 sold this month in Odenton and Fort Meade Real Estate, a decrease of 13%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 6 units or 11%. The total number of active inventory this October was 60 compared to 54 in October 2022. This month's total of 60 is lower than the previous month's total supply of available inventory of 63, a decrease of 5%.

Last October, the median sale price for Odenton and Fort Meade Homes was $385,000. This October, the median sale price was $420,000, an increase of 9% or $35,000 compared to last year. The current median sold price is 17% 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 1.3 months of supply available in Odenton and Fort Meade, compared to 1.2 in October 2022. That is an increase of 11% 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 49 homes newly listed for sale in Odenton and Fort Meade compared to 43 in October 2022, an increase of 14%. There were 40 current contracts pending sale this October compared to 43 a year ago. The number of current contracts is 7% lower than last October.

In October, the average sale price in Odenton and Fort Meade was 101.2% of the average list price, which is 3.3% higher than at this time last year.

This month, the average number of days on market was 17, lower than the average last year, which was 25, a decrease of 32%.





Focus On: Odenton and Fort Meade Housing Market			October 2023

Zip Code(s): 21113 and 20755
Units Sold 45	Active Inventory 60	Median Sale Price $420,000	Days On Market 17

No Change Vs. Year Ago	Up 11% Vs. Year Ago	Up 9% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 45 sold this month in Odenton and Fort Meade Real Estate, a decrease of 13%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 11%. The total number of active inventory this October was 60 compared to 54 in October 2022. This month's total of 60 is lower than the previous month's total supply of available inventory of 63, a decrease of 5%.
		Median Sale Price Last October, the median sale price for Odenton and Fort Meade Homes was $385,000. This October, the median sale price was $420,000, an increase of 9% or $35,000 compared to last year. The current median sold price is 17% 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 49	Current Contracts 40	Sold Vs. List Price 101.2%	Months of Supply 1.3

Up 14% Vs. Year Ago	Down -7% Vs. Year Ago	Up 3.3% Vs. Year Ago	Up 11% Vs. Year Ago


		Months of Supply In October, there was 1.3 months of supply available in Odenton and Fort Meade, compared to 1.2 in October 2022. That is an increase of 11% 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 49 homes newly listed for sale in Odenton and Fort Meade compared to 43 in October 2022, an increase of 14%. There were 40 current contracts pending sale this October compared to 43 a year ago. The number of current contracts is 7% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Odenton and Fort Meade was 101.2% of the average list price, which is 3.3% higher than at this time last year. Days on Market This month, the average number of days on market was 17, lower than the average last year, which was 25, a decrease of 32%.


	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.