Severn Real Estate Market Sees Sales Decline

The Severn market slowed with a 7.1% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 53.1 monthly average with 52 homes sold. Meanwhile, close-by Glen Burnie reported 62 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $321,250, potentially helping to offset the four months of inventory left to be sold.

Trying to find a home in Severn that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$579K   $649K   $517K  

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

Demographic facts for Severn:

  • The population growth rating is 55. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $10.70/$1,000.
  • The area's commuter length breakdown is: <15 min (21.1%), 15-29 min (39.2%), 30-44 min (20.3%), 45-59 min (8.7%), >60 min (10.7%).

Data reported through 10/12/2016

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