Is Odenton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Odenton has remained a Seller's Market.
Key Takeaway
Odenton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Odenton, MD
How much do homes in Odenton, MD cost?
Median Sold Price
$430,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Odenton have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Odenton was $430,000 in March 2024, up 7.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265.2K | $298.5K | +12.5% |
| 2 Bedrooms | $331.2K | $340K | +2.6% |
| 3 Bedrooms | $405K | $427K | +5.4% |
| 4 Bedrooms | $465K | $520K | +11.8% |
| 5+ Bedrooms | $675K | $710K | +5.2% |
Summary: Odenton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Maple Ridge | $340K | $388.2K | +14.2% |
| Odenton | $399.9K | $430K | +7.5% |
Housing Supply in Odenton, MD
How many homes are available in Odenton, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 127 | +5.8% |
Summary: The Odenton real estate market had 127 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 38 | 40 | +5.3% |
| 3 Bedrooms | 50 | 51 | +2.0% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Odenton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Odenton, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Odenton in March 2024, up by 28.0% month-over-month. Of the 32 sold homes, 6% were sold under asking, 38% were sold at asking, and 56% were sold over asking.
Days on Market for Odenton, MD
How long does it take to sell a home in Odenton, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -4.2% |
Summary: Homes in Odenton had an average of 16 days on market in Mar 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Odenton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Odenton; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
