Altos Market Data for Realtors

Severn, MD

Single-Family Homes

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Severn, MD

Tue Aug 11 2020
This week the median list price for Severn, MD is $507,178 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has held steady at or around 24. Click here to stay informed with the Severn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Severn, MD

Tue Aug 11 2020
This week the median list price for Severn, MD is $507,178 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has held steady at or around 24. Click here to stay informed with the Severn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Severn market.
Median List Price $507,178
Per Square Foot $202
Days on Market 74
Price Decreased 29%
Price Increased 4%
Relisted 0%
Inventory 24
Median Rent $2,200
Most Expensive $667,999
Least Expensive $304,900
Market Action 63
Strong Seller's Market

The market appears to be 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
$629,950 4,211 0.25 - 0.5 acre 4 3 7 1 2 60
$549,900 3,014 0.25 - 0.5 acre 4 3 9 0 0 73
$471,625 1,776 0.25 - 0.5 acre 4 2 0 0 0 154
$355,000 1,589 0.25 - 0.5 acre 3 2 46 3 2 9