The Severn housing market is very competitive. Homes in Severn receive 5 offers on average and sell in around 10 days. The median sale price of a home in Severn was $487K last month, up 4.7% since last year. The median sale price per square foot in Severn is $244, up 10.4% since last year.
In March 2024, Severn home prices were up 4.7% compared to last year, selling for a median price of $487K. On average, homes in Severn sell after 10 days on the market compared to 28 days last year. There were 49 homes sold in March this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$487,000
+4.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Severn, MD
$487,000
+4.7%
United States
To compare other locations to the Severn and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Severn add value to a home.
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How hot is the Severn housing market?
Severn is very competitive. Homes sell in 14 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 14 days.
Hot homes
can sell for about 3% above list price and go pending in around 3 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Severn
Explore recent offers and recently sold homes in Severn
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Severn Elementary School
Public • PreK-5
504
Students
7 reviews
7/10
Manor View Elementary School
Public • 1-5
286
Students
21 reviews
7/10
Pershing Hill Elementary
Public • K-5
589
Students
20 reviews
6/10
Meade Heights Elementary School
Public • PreK-5
399
Students
10 reviews
6/10
Ridgeway Elementary School
Public • K-5
636
Students
11 reviews
Only showing 5 of
11 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Severn housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Severn.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Severn has a moderate risk of flooding. 1,338 properties in Severn are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Severn. Flood risk is increasing slower than the national average.
45% of properties are at risk of wildfire over the next 30 years
Fire Factor
Severn has a moderate risk of wildfire. There are 7,697 properties in Severn that have some risk of being affected by wildfire over the next 30 years. This represents 45% of all properties in Severn.
73% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Severn has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Severn is most at risk from hurricanes. 12,410 properties in Severn have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 87 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 102 mph.