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FOCUS ON: ODENTON AND FORT MEADE HOUSING MARKET |
APRIL 2025 |
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Zip Code(s): 21113 and 20755 |
Units Sold
45 |
Active Inventory
50 |
Median Sale Price
$447,000 |
Days On Market
17 |
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Down -6%
Vs. Year Ago |
Up 25%
Vs. Year Ago |
Down -2%
Vs. Year Ago |
Down -6%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 45 sold this month in Odenton and Fort Meade Real Estate. This month's total units sold was lower than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 25%. The total number of active inventory this April was 50 compared to 40 in April 2024. This month's total of 50 is lower than the previous month's total supply of available inventory of 64, a decrease of 22%.
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Median Sale Price
Last April, the median sale price for Odenton and Fort Meade Homes was $456,000. This April, the median sale price was $447,000, a decrease of 2% or $9,000 compared to last year. The current median sold price is 3% lower than in March.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
47 |
Current Contracts
53 |
Sold Vs. List Price
101.3% |
Months of Supply
1.1 |
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Down -13%
Vs. Year Ago |
Up 10%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 34%
Vs. Year Ago |
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Months of Supply
In April, there was 1.1 months of supply available in Odenton and Fort Meade, compared to 0.8 in April 2024. That is an increase of 33% 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.
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New Listings & Current Contracts
This month there were 47 homes newly listed for sale in Odenton and Fort Meade compared to 54 in April 2024, a decrease of 13%. There were 53 current contracts pending sale this April compared to 48 a year ago. The number of current contracts is 10% higher than last April.
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Sale Price to List Price Ratio
In April, the average sale price in Odenton and Fort Meade was 101.3% of the average list price, which is similar compared to a year ago.
Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 18, a decrease of 6%.
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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. |