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Preforeclosure 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 $532,422.
In Severn, MD, how many homes are available?
There are currently 3 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 $25,404,210.
What is currently the cheapest priced home in Severn, MD?
The cheapest home for sale in Severn is priced at $10,790.

Living in Severn, MD

Severn, Maryland is a vibrant suburban community located near Baltimore and Washington D.C. Known for its family-friendly environment, Severn offers a mix of residential neighborhoods and commercial areas. It's an ideal location for those looking for convenience and a quiet lifestyle while being close to major urban centers.

Current Market Conditions in Severn, MD

The Severn real estate market has shown a steady increase in home values over the past year, making it a solid investment opportunity. The area's proximity to major employment centers in Baltimore and Washington D.C. continues to attract buyers, particularly families looking for affordable housing in a suburban environment.

Inventory levels remain low, leading to competitive bidding for available homes. However, the market remains accessible for first-time buyers, as new developments are underway offering more entry-level options.

Home Value Estimator For Severn, MD

There are currently 11,950 real estate properties in Severn, MD, with a median automated valuation model (AVM) price of $501,801.00. 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 $532,422.00, with the most expensive house in Severn, MD, topping out at $25,404,210.00 and the cheapest home in Severn, MD, clocking in at $10,790.00. 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 Preforeclosure Homes

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