Altos Market Data for Realtors
Severn, MD
Single-Family Homes
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Severn, MD
Fri Apr 26 2024
This week the median list price for Severn, MD is $647,495 with the market action index hovering around 78. This is an increase over last month's market action index of 69. Inventory has increased to 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $647,495 | |
| Median Price of New Listings | $416,950 | |
| Per Square Foot | $228 | |
| Average Days on Market | 29 | |
| Median Days on Market | 7 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 78 | |
| Strong Seller's Market | ||
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $749,950 | 2,842 | 1 - 2.5 acres | 4 | 2.5 | 1 | 0 | 1 | 17 |
| $697,450 | 3,016 | 0.25 - 0.5 acre | 4 | 3 | 14 | 0 | 0 | 52 |
| $549,945 | 2,008 | 0.25 - 0.5 acre | 4 | 2.3 | 59 | 1 | 0 | 45 |
| $256,950 | 1,306 | 1 - 2.5 acres | 3 | 1 | 73 | 1 | 1 | 0 |