Foreclosure Homes in Severn, MD

Current Market Conditions in Severn, MD

The real estate market in Severn, MD, has shown steady growth over the past year, with an increase in housing demand driven by its appealing location and community offerings. The area has experienced a rise in home prices due to low inventory coupled with strong buyer interest, resulting in a competitive market.

Home sales in Severn remain robust, with an uptick in both median home prices and the number of homes sold compared to previous years. As more families seek to relocate to suburban areas, Severn's reputation as a desirable residential community continues to attract new buyers.

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.