Severn, MD
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
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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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