MILLERSVILLE AND SEVERN HOUSING MARKET DATA

There was a decrease in total units sold in August, with 44 sold this month in Millersville and Severn Real Estate versus 57 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 34% versus August 2024.

Versus last year, the total number of homes available this month is higher by 16 units or 23%. The total number of active inventory this August was 86 compared to 70 in August 2024. This month's total of 86 is lower than the previous month's total supply of available inventory of 102, a decrease of 16%.

Last August, the median sale price for Millersville and Severn Homes was $515,990. This August, the median sale price was $477,500, a decrease of 7% or $38,490 compared to last year. The current median sold price is 8% lower than in July.

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

In August, there was 2.0 months of supply available in Millersville and Severn, compared to 1.0 in August 2024. That is an increase of 87% versus 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 47 homes newly listed for sale in Millersville and Severn compared to 69 in August 2024, a decrease of 32%. There were 55 current contracts pending sale this August compared to 66 a year ago. The number of current contracts is 17% lower than last August.

In August, the average sale price in Millersville and Severn was 100.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 33, higher than the average last year, which was 16, an increase of 106%.





FOCUS ON: MILLERSVILLE AND SEVERN HOUSING MARKET			AUGUST 2025

Zip Code(s): 21144 and 21108
Units Sold 44	Active Inventory 86	Median Sale Price $477,500	Days On Market 33

Down -34% Vs. Year Ago	Up 23% Vs. Year Ago	Down -7% Vs. Year Ago	Up 106% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 44 sold this month in Millersville and Severn Real Estate versus 57 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 34% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 16 units or 23%. The total number of active inventory this August was 86 compared to 70 in August 2024. This month's total of 86 is lower than the previous month's total supply of available inventory of 102, a decrease of 16%.
		Median Sale Price Last August, the median sale price for Millersville and Severn Homes was $515,990. This August, the median sale price was $477,500, a decrease of 7% or $38,490 compared to last year. The current median sold price is 8% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 47	Current Contracts 55	Sold Vs. List Price 100.4%	Months of Supply 2.0

Down -32% Vs. Year Ago	Down -17% Vs. Year Ago	No Change Vs. Year Ago	Up 88% Vs. Year Ago


		Months of Supply In August, there was 2.0 months of supply available in Millersville and Severn, compared to 1.0 in August 2024. That is an increase of 87% versus 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 47 homes newly listed for sale in Millersville and Severn compared to 69 in August 2024, a decrease of 32%. There were 55 current contracts pending sale this August compared to 66 a year ago. The number of current contracts is 17% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Millersville and Severn was 100.4% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 16, an increase of 106%.


	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.