Sold in Odenton's Seven Oaks Neighborhood!

This lovely end-unit townhome located at 130 Militia Place in Odenton, Maryland, was recently sold for $410,000 by Jerry Kline, Realtor, Keller Williams Flagship of Maryland.

There are no two ways to say it: John & Tori simply outgrew this house. It was time to find a larger home in a better school district for their kids, and the couple contacted Jerry Kline to help them sell their Odenton townhome. After 5 days on the market and receiving multiple purchase offers, the home sold for $410,000.

In terms of decor and upgrades, the house was Pottery Barn perfect. A host of buyers flocked to see the renovated kitchen & bathrooms and updated flooring & appliances.

The updated kitchen of 130 Militia Place in Odenton, Maryland. The home was recently sold by Jerry Kline, Realtor, Keller Williams Flagship of Maryland.

Recent updates to the home include: a new roof (2021); new carpeting (2023); a new microwave oven (2022) & refrigerator (2023); a new washer & dryer (2021); new gutters & exterior trim (2023); new sliding doors to the deck (2020); new backyard sod & a rock garden (2022); and a Ring doorbell camera (2019).

The renovated master bathroom of 130 Militia Place in Odenton, Maryland. The home was recently sold for $410,000 by Jerry Kline, Realtor, Keller Williams Flagship of Maryland.

Odenton is directly adjacent to the thriving Fort Meade U.S. military complex, which includes the National Security Agency and the U.S. Cyber Command. Fort Meade is the U.S. Army’s second largest installation, and many of the post’s 64,000 employees live in the greater Odenton area.

If you or someone you know is looking to buy or sell a home in the central Maryland area, contact Jerry Kline with Keller Williams Flagship today!

Odenton’s Supply of Homes for Sale is Critically Low

Odenton homes for sale

A Strong Market for Odenton Home Sellers Pushed Prices Up More than 10 Percent Last Month

The average price of a home sold in Odenton last month rose more than 10 percent from the same time a year ago, according to new market data released by RealEstate Business Intelligence (RBI).

The increase in home prices stems in large part from an acute shortage of for-sale housing in Odenton, as the number of available homes for sale there dropped 37 percent from last year.

The shortage of available homes for sale was particularly notable in Odenton’s popular Piney Orchard community. The number of homes actively listed for sale in Piney Orchard (20) dropped 47 percent in February over the same time in 2016.

In Odenton’s Seven Oaks community, the number of available homes for sale in February (19) held steady from the previous year.

The “months of supply” of available homes for sale in Odenton remains critically low at 1.5 months, indicating an extremely strong market for home sellers. Anecdotal evidence shared by local realtors supports this data, with very active buyer-showing and open-house activity and multiple-bid scenarios involving many available Odenton properties.

Specifically, 24 townhomes, duplexes and condominiums sold in Odenton last month for an average price ($291,846) that was 10.29 percent higher than in the previous February. Six single-family detached homes sold in Odenton last month for an average price ($414,983) that was 10.21 percent higher than last year.

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418.

Odenton Home Sales Explode In March

Odenton Homes for sale

Sales up 53 Percent, Median Sale Price Up 7.6 Percent Over the Same Period Last Year

Aggressive buyer appetite and a lack of residential properties for sale led Odenton home sales to spike strongly last month, according to year-over-year data released by RealEstate Business Intelligence (RBI).

The number of homes sold in Odenton in March (49) rose 53 percent over the same period last year, while the median price of a home sold in Odenton rose 7.6 percent. The average number of days it took to sell an Odenton home dropped 10 percent from March 2015, to 70 days.

RBI statistics show that the months of supply of housing available in Odenton remains critically low at 3.0 months. Months of supply is a good indicator of whether a real estate market is favoring buyers or sellers. Typically, a market with less than 6 months of supply favors sellers, while more than 6 months of supply indicates an excess of homes for sale, favoring buyers.

In Piney Orchard, a particularly popular community for local home buyers, the market for home sellers was even stronger. The months-of-supply figure for Piney Orchard in March was 2.1 months.

The boom in Odenton real estate was not confined to March, however. RBI year-to-date numbers show strong growth in the Odenton housing market since the beginning of the year.

In the Maple Ridge neighborhood, for instance, 13 homes sold in the first three months of 2016, compared to only two homes over the same period last year. That’s an increase of 550 percent. It’s not surprising, then, that the median Maple Ridge home price has jumped 23 percent since the beginning of the year.

The story is much the same in Piney Orchard. Year-to-date sales numbers for the community show an increase in sales of 55 percent over 2015, and the median price of a Piney Orchard home is up 4.2 percent so far this year.

Not every Odenton community has benefitted from the upswing, however. Year-to-date sales numbers for Seven Oaks, for example, show the number of homes sold there dropped 40 percent (from 30 homes to 18 homes) from the same period in 2015 -- although the median home price in that community did rise 2.3 percent). Given that the average number of days needed to sell a Seven Oaks home dropped 48 percent year over year, the drop-off in sales in Seven Oaks this year is probably explained by a lack of available inventory.

Home sales in other Odenton communities, including Chapel Grove, Four Seasons Estates, Kings Ransom and Eden Brook, remained largely flat compared to the same period in 2015. While sales in Lions Gate are up 66 percent so far in 2016, this increase is based on only five total sales this year (compared to three sales over the same period in 2015).

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418.