Altos Research

Severn, MD

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Severn, MD

Mon Jul 23 2018
This week the median list price for Severn, MD is $454,990 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 107. Click here to stay informed with the Severn market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Severn, MD

Mon Jul 23 2018
This week the median list price for Severn, MD is $454,990 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 107. Click here to stay informed with the Severn market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Severn market.
Median List Price $454,990
Per Square Foot $197
Days on Market 110
Price Decreased 41%
Price Increased 7%
Relisted 15%
Inventory 107
Median House Rent $2,195
Most Expensive $719,999
Least Expensive $149,995
Market Action Index
Slight Seller's Advantage
36

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$591,369 3,525 8,000 - 10,000 sqft 4 3 2 1 2 156
$484,999 2,460 8,000 - 10,000 sqft 4 2 0 6 2 131
$379,900 1,972 8,000 - 10,000 sqft 4 2 29 3 5 82
$295,000 1,478 0.25 - 0.5 acre 3 2 47 2 3 73