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Foreclosures in Severna Park, MD

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Severna Park, MD Foreclosures

How much do homes sell for in Severna Park, MD?
The average home price is currently $819,940.
In Severna Park, MD, how many homes are available?
There are currently 16 active home listings available in Severna Park.
What’s the average rental cost in Severna Park, MD?
The average rental price in Severna Park is $2,576.
What is the most expensive home in Severna Park?
The most expensive home sold in Severna Park had a price of $81,223,136.
What is currently the cheapest priced home in Severna Park, MD?
The cheapest home for sale in Severna Park is priced at $10,108.

Living in Severna Park, MD

Severna Park, MD is a picturesque suburban community known for its excellent schools, lush parks, and close-knit neighborhoods. With easy access to the Chesapeake Bay and major highways, it offers a balanced lifestyle of convenience and quality living. Ideal for families and professionals, the area combines recreational activities with local amenities.

Current Market Conditions in Severna Park, MD

The real estate market in Severna Park has remained competitive with steady demand. There has been a slight increase in home prices over the past several months, reflecting the desirability of the area. New constructions and renovations have also been prominent as buyers look for contemporary homes in a suburban setting.

Inventory levels are tightening, leading to more multiple offer situations, particularly for well-maintained properties. Agents have noted increased interest from out-of-state buyers, drawn by the appealing lifestyle and sought-after school district.

Home Value Estimator For Severna Park, MD

There are currently 10,194 real estate properties in Severna Park, MD, with a median automated valuation model (AVM) price of $708,942.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Severna Park, 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 Severna Park, MD, is $819,940.00, with the most expensive house in Severna Park, MD, topping out at $81,223,136.00 and the cheapest home in Severna Park, MD, clocking in at $10,108.00. In other words, there’s something for every potential homebuyer or savvy investor in Severna Park, MD!

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.

Severna Park, MD Foreclosures

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