MILLERSVILLE AND SEVERN HOUSING MARKET DATA

There was an increase in total units sold in May, with 60 sold this month in Millersville and Severn Real Estate versus 50 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 25% versus May 2024.

Versus last year, the total number of homes available this month is higher by 15 units or 21%. The total number of active inventory this May was 86 compared to 71 in May 2024. This month's total of 86 is higher than the previous month's total supply of available inventory of 81, an increase of 6%.

Last May, the median sale price for Millersville and Severn Homes was $502,500. This May, the median sale price was $500,000, which is similar compared to a year ago. The current median sold price is 7% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.4 months of supply available in Millersville and Severn. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 69 homes newly listed for sale in Millersville and Severn compared to 79 in May 2024, a decrease of 13%. There were 57 current contracts pending sale this May compared to 46 a year ago. The number of current contracts is 24% higher than last May.

In May, the average sale price in Millersville and Severn was 101.7% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 16, higher than the average last year, which was 7, an increase of 129%.





FOCUS ON: MILLERSVILLE AND SEVERN HOUSING MARKET			MAY 2025

Zip Code(s): 21144 and 21108
Units Sold 60	Active Inventory 86	Median Sale Price $500,000	Days On Market 16

Up 25% Vs. Year Ago	Up 21% Vs. Year Ago	No Change Vs. Year Ago	Up 129% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 60 sold this month in Millersville and Severn Real Estate versus 50 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 25% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 15 units or 21%. The total number of active inventory this May was 86 compared to 71 in May 2024. This month's total of 86 is higher than the previous month's total supply of available inventory of 81, an increase of 6%.
		Median Sale Price Last May, the median sale price for Millersville and Severn Homes was $502,500. This May, the median sale price was $500,000, which is similar compared to a year ago. The current median sold price is 7% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 69	Current Contracts 57	Sold Vs. List Price 101.7%	Months of Supply 1.4

Down -13% Vs. Year Ago	Up 24% Vs. Year Ago	Down -0.8% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.4 months of supply available in Millersville and Severn. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 69 homes newly listed for sale in Millersville and Severn compared to 79 in May 2024, a decrease of 13%. There were 57 current contracts pending sale this May compared to 46 a year ago. The number of current contracts is 24% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Millersville and Severn was 101.7% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 16, higher than the average last year, which was 7, an increase of 129%.


	Millersville and Severn are defined as properties listed in zip code/s 21144 and 21108.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.