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Featured local agent — Severance, CO
Sarah Mitchell
Compass Real Estate · Severance, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Severance, CO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$484,950median sale price
How is the Severance, CO housing market right now?
The median home sale price in Severance, CO is $484,950, down 6.7% year-over-year. Homes sell in an average of 49 days with 92 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Severance a buyer's or seller's market?
Severance, CO is currently a balanced market, based on 4.6 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
49
Average pace
Active listings
92
4.6 months supply
Sale-to-list
99.4%
Below asking
What does the Severance housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $484,950 |
| Median list price | $508,250 |
| Year-over-year price change | -6.7% |
| Average days on market | 49 days |
| Active inventory | 92 listings |
| Months of supply | 4.6 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $282/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 30 |
| Listings with a price cut | 27.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Severance by property type?
How the Severance, CO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $484,950 | $282/sq ft | 20 | 49 days |
| Townhouse | $419,900 | $156/sq ft | 1 | 37 days |
Source: Redfin · Updated monthly
The Severance housing market is currently classified as a balanced market with a median sale price of $484,950. Prices have fallen 6.7% compared to last year, with homes spending an average of 49 days on market, indicating 4.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Severance
There are currently 92 homes listed for sale in Severance, Colorado. The median listing price is $508K.
Active listings
92
Homes on market
Median list price
$508K
Avg. days on market
49
Days until sale
New this week
30
Newly listed
Who lives in Severance?
Population
9,302
Median income
$127,257/yr
Median age
33.2 years
Owner-occupied
93.1%
College grads
49.7%
Avg commute
29.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Severance?
Zillow home value
$498,190
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Severance?
Severance is a community of approximately 9K residents with a median age of 33.2 years.The median household income is $127,257, which reflects a relatively affluent area with strong earning potential. 49.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 93.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Severance offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Severance?
2 schools tracked · 1,563 students
The largest public schools serving Severance, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Severance High School
Grades 9-12 · 880 students
Range View Elementary
Grades PK-5 · 683 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Severance, CO?
Want a head-to-head view? Compare Severance side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Severance?
The median home sale price in Severance is $484,950, down 6.7% from last year.
How long do homes stay on market in Severance?
Homes typically spend 49 days on market before going under contract.
What is the median income in Severance?
The median household income is $127,257 per year.
Is Severance a buyer's or seller's market?
With 4.6 months of supply, Severance is currently a balanced market.
What is the Zillow home value estimate for Severance?
The Zillow Home Value Index (ZHVI) for Severance is $498,190, representing the typical home value in the area.
How much does a single-family home cost in Severance?
The median single-family home price in Severance, CO is $484,950 (about $282 per square foot).
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