Severn, MD Foreclosures
How much do homes sell for in Severn, MD?
The average home price is currently $527,460.
In Severn, MD, how many homes are available?
There are currently 76 active home listings available in Severn.
What’s the average rental cost in Severn, MD?
The average rental price in Severn is $2,173.
What is the most expensive home in Severn?
The most expensive home sold in Severn had a price of $25,033,648.
What is currently the cheapest priced home in Severn, MD?
The cheapest home for sale in Severn is priced at $10,602.
Living in Severn, MD
Severn, MD, is a suburban community in Anne Arundel County, known for its welcoming neighborhoods and strong sense of community. With great schools, parks, and convenient access to nearby cities, Severn is ideal for families and professionals. The blend of outdoor activities and urban amenities offers a balanced lifestyle for its residents.
Current Market Conditions in Severn, MD
The real estate market in Severn, MD, is currently experiencing a steady trend of growth. With its attractive suburban lifestyle and proximity to major urban centers, demand for properties has been consistent. Home values have seen a moderate increase over the past year, making it a favorable time for both buyers and investors to consider entering the market. The diverse range of housing options, from single-family homes to townhouses, appeals to a broad audience.
Severn's market is characterized by competitive pricing, which continues to attract first-time homebuyers as well as those looking to upgrade. Inventory levels have been tight, particularly for affordable homes in desirable neighborhoods, which drives prices upward. New developments and renovations in the area contribute to the overall appeal and value of the community.
Home Value Estimator For Severn, MD
There are currently 11,952 real estate properties
in Severn, MD,
with a median automated valuation model (AVM) price
of $497,770.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Severn, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Severn, MD,
is $527,460.00, with the most expensive house
in Severn, MD, topping out
at $25,033,648.00 and the cheapest home
in Severn, MD,
clocking in at $10,602.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Severn, MD!
Rent Prices
In Severn, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Severn, MD, is on
a rollercoaster ride. The
average rent price in Severn, MD,
is $2,173.00. Indeed, when looking to rent in
Severn, MD, you can expect to pay as little
as $1,000.00 or as much
as $4,680.00,
with the average rent median estimated to
be $2,130.00. The good news is that finding
an affordable and desirable property to rent in Severn, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
