Altos Market Data for Realtors

Severn, MD

Single-Family Homes

Schedule a demo today at AltosResearch.com



Severn, MD

Tue Mar 19 2024
This week the median list price for Severn, MD is $599,990 with the market action index hovering around 61. This is an increase over last month's market action index of 53. Inventory has held steady at or around 13. 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 Mar 19 2024
This week the median list price for Severn, MD is $599,990 with the market action index hovering around 61. This is an increase over last month's market action index of 53. Inventory has held steady at or around 13. 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 $599,990
Median Price of New Listings $490,000
Per Square Foot $226
Average Days on Market 63
Median Days on Market 49
Price Decreased 38%
Price Increased 0%
Relisted 15%
Inventory 13
Median Rent
Market Action 61
Strong Seller's Market

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
$750,000 6,462 0.25 - 0.5 acre 4 3.5 5 0 1 14
$699,900 3,087 4,500 - 6,500 sqft 4 2.5 0 0 0 63
$599,900 1,765 4,500 - 6,500 sqft 4 2.5 18 0 0 49
$477,500 2,167 6,500 - 8,000 sqft 3 2.5 38 1 1 24