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Foreclosure Homes in Severn, MD 21144

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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 75 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 family-oriented suburb situated between Baltimore and Annapolis, offering a blend of residential charm and urban convenience. With excellent schools, abundant parks, and a variety of shopping options, it is an ideal community for families and professionals alike. The area boasts a strong sense of community and easy access to major highways and public transportation.

Current Market Conditions in Severn, MD

Severn's real estate market remains strong, characterized by a healthy demand for single-family homes, particularly among families and young professionals. The area has seen an increase in home prices due to its desirable location and quality of life, making it an attractive option for buyers looking to invest in a growing community.

As of late 2023, the Severn market shows a growing trend in new construction, reflecting the area's demand for housing. Properties in Severn tend to sell quickly, with many listings receiving multiple offers. Buyers are encouraged to act fast as inventory levels remain low.

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.

Severn, MD 21144 Foreclosures

Market Trend for Severn, MD

Total Listings Available: 75

Market Values:

Home Prices from $10,602 to $25,033,648

Average Sales Price: $527,460

Rental Values:

Rental from $1,000 to $4,680

Average Rent Value: $2,173 / month

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