Severn, MD

Balanced market-1.2% YoY

Housing market overview · Updated weekly

$489,500median sale price

Homes sold

34

Last 12 weeks

Days on market

58

Average pace

Active listings

90

2.6 months supply

Sale-to-list

98.8%

Below asking

The Severn housing market is currently classified as a balanced market with a median sale price of $489,500. Prices have fallen 1.2% compared to last year, with homes spending an average of 58 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Severn

There are currently 90 homes listed for sale in Severn, Maryland. The median listing price is $490K.

Active listings

90

Homes on market

Median list price

$490K

Avg. days on market

58

Days until sale

New this week

39

Newly listed

Price drops:22.2%of listings
Sale-to-list:98.8%

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Frequently asked questions

What is the average home price in Severn?

The median home sale price in Severn is $489,500, down 1.2% from last year.

How long do homes stay on market in Severn?

Homes typically spend 58 days on market before going under contract.

Is Severn a buyer's or seller's market?

With 2.6 months of supply, Severn is currently a balanced market.

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