Foreclosure Homes in Severna Park, MD 21146

Buyer vs Seller Market in Severna Park, MD

The real estate market in Severna Park shows a stable trend with home values experiencing a gradual increase over the past year. Demand remains consistently high due to the community's desirable attributes, such as excellent schools and recreational options. Currently, the market is leaning towards a seller's market with lower inventory levels and sustained buyer interest.

Recently, the number of homes for sale has decreased slightly while the prices have continued to rise, showcasing the area's desirability. New constructions have picked up but are still not meeting the high demand resulting from young families and professionals looking to settle in the area.

Rent Prices In Severna Park, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Severna Park, MD, is on a rollercoaster ride. The average rent price in Severna Park, MD, is $2,576.00. Indeed, when looking to rent in Severna Park, MD, you can expect to pay as little as $1,260.00 or as much as $5,880.00, with the average rent median estimated to be $2,460.00. The good news is that finding an affordable and desirable property to rent in Severna Park, 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.