Price Cuts Bottom in Severna Park Real Estate Market

The Severna Park market is tightening. While sales continued a nine-week downturn, bringing this week's numbers down to 34 homes sold over the last 30 days, price reductions have slowed to their lowest number since April, with 56 reported this week. When comparing other close-by municipalities within the same period, the most came from Glen Burnie with 75 price reductions. The median sales price in Severna Park climbed to $506,500 while months of inventory was flat at four.

If you want a low price tag for your next home, these listings are the most affordable Severna Park has to offer:

$147K   $239K   $254K  

Get started right now by checking out Severna Park homes for sale or reviewing Severna Park real estate trends.

Demographic facts about Severna Park:

  • The average elevation is 58 feet.
  • The median income is $107,965 per household.
  • There are 349 students for every counselor. (513 = national average)

Data reported through 10/13/2016


Ask a local expert about this area:
RE/MAX United Real Estate
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Keller Williams Flagship of Maryland
Snapped 9 homes in this area
Berkshire Hathaway HomeServices PenFed Realty
Snapped 8 homes in this area

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