Photo: Ken Lund from Reno, Nevada, USA · CC BY-SA 2.0629 homes sold in Severn in the last year, at a typical $506K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Severn homes are listed.
Every place Severn homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Severn.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
2% of Severn’s sales are condos, at $232K less than a house
332 houses and 11 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 332 sold in 12 months
- Per square foot
- $244MD $239
- Days to sell
- 35
- Sold over asking
- 42%
- Listings with a price cut
- 22%
typical sale · 11 sold in 12 months
- Per square foot
- $231MD $234
- Days to sell
- 72
- Sold over asking
- 9%
- Listings with a price cut
- 43%
Townhouses: 286 sold, typical $480K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.5 times the 2016 price
629 sales in the last year, against 1,194 in 2020 and a low of 428 in 2012. The typical sale went from $340K in 2016 to $506K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Severn
Check a listing against what Severn homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Severn are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Severn’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 629 sales.
If you’re buying in Severn
- Shop in August. It brings about 97 new listings a month, close to the busiest month, with fewer bidding wars (36% over asking).
- Some room to negotiate. 25% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.1% of the list price on average; 38% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 106 a month), but March is the most competitive: 41% of March sales close over asking. July and August offer nearly as much choice with fewer homes bid up (40%). January has the least competition (28%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Maryland as a whole
| Severn now | 2017–19 | 2021 peak | MD now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 38% | 27% | 50% | 34% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 27% | 68% | 41% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 24% | 17% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 99.6% | 101.2% | 99.8% |
| Days to sellMedian days from listing to contract | 38 | 43 | 18 | 43 |
110 homes for sale on a typical day
That’s 1.7 times the 2024 low (64), 54% fewer than in 2017–19 and well under 2015’s 266.
1 in 4 listings has cut its price
25% in the last year, against 24% in 2017–19 and 27% across Maryland.
Since 2019, houses are up 35%, condos 26%
A house typically sold for $546K in the last year (332 sales), a condo for $314K (11).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Severn ranks 70th of 185 busy Maryland markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Severn is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Severn home costs about $3,000 a month
Price: Severn’s typical sale, last 12 months. Property tax at Severn’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Severn is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 49.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $506K home, about $4,320 a year.
Taxes vs. neighborsSchools
The schools grade for Severn, from test results, graduation and how much students grow.
Schools in SevernCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Severn, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Severn | 629 | $506K | $232 | 38% | 38 |
| Odenton | 532 | $448K | $248 | 38% | 33 |
| Elkridge | 244 | $475K | $247 | 36% | 47 |
| Ferndale | 141 | $385K | $227 | 47% | 30 |
| Jessup | 32 | $513K | $241 | 28% | 47 |
| Gambrills | 27 | $660K | $231 | 33% | 56 |
| Fort Meade | 23 | $549K | $281 | 61% | 3 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Severn, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Severn. People who follow the town see it, and so do people comparing Severn with their own town. No commission, no listing fee.
Questions about buying a home in Severn
What do homes sell for in Severn, MD?
629 homes sold in the year to May 2026 at a typical $506K, $232 a square foot. Houses sold for about $546K, condos for about $314K.
Is Severn a buyer’s or seller’s market?
A seller’s market: 117 homes were for sale in May 2026 and 56 sold, about 2.1 months of supply. Buyers paid 100.1% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Severn?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Severn?
About 0.9% of a home’s value a year. On a $506K home that’s near $4,320.
Where can I see homes for sale in Severn?
Zillow, Redfin, Realtor.com and Homes.com all carry Severn’s MLS listings; the search links above open each one filtered to Severn.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).