MILLERSVILLE AND SEVERN HOUSING MARKET DATA

The number of units sold remained stable in March, with 37 sold this month in Millersville and Severn Real Estate. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.

Versus last year, the total number of homes available this month is higher by 10 units or 23%. The total number of active inventory this March was 54 compared to 44 in March 2024. This month's total of 54 is lower than the previous month's total supply of available inventory of 59, a decrease of 8%.

Last March, the median sale price for Millersville and Severn Homes was $501,250. This March, the median sale price was $550,000, an increase of 10% or $48,750 compared to last year. The current median sold price is 5% higher than in February.

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

In March, there was 1.5 months of supply available in Millersville and Severn, compared to 1.1 in March 2024. That is an increase of 33% 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 58 homes newly listed for sale in Millersville and Severn compared to 51 in March 2024, an increase of 14%. There were 60 current contracts pending sale this March compared to 49 a year ago. The number of current contracts is 22% higher than last March.

In March, the average sale price in Millersville and Severn was 100.4% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 21, lower than the average last year, which was 33, a decrease of 36%.





FOCUS ON: MILLERSVILLE AND SEVERN HOUSING MARKET			MARCH 2025

Zip Code(s): 21144 and 21108
Units Sold 37	Active Inventory 54	Median Sale Price $550,000	Days On Market 21

Down -7% Vs. Year Ago	Up 23% Vs. Year Ago	Up 10% Vs. Year Ago	Down -36% Vs. Year Ago


		Units Sold The number of units sold remained stable in March, with 37 sold this month in Millersville and Severn Real Estate. This month's total units sold was lower than at this time last year, a decrease of 14% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 23%. The total number of active inventory this March was 54 compared to 44 in March 2024. This month's total of 54 is lower than the previous month's total supply of available inventory of 59, a decrease of 8%.
		Median Sale Price Last March, the median sale price for Millersville and Severn Homes was $501,250. This March, the median sale price was $550,000, an increase of 10% or $48,750 compared to last year. The current median sold price is 5% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 58	Current Contracts 60	Sold Vs. List Price 100.4%	Months of Supply 1.5

Up 14% Vs. Year Ago	Up 22% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 33% Vs. Year Ago


		Months of Supply In March, there was 1.5 months of supply available in Millersville and Severn, compared to 1.1 in March 2024. That is an increase of 33% 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 58 homes newly listed for sale in Millersville and Severn compared to 51 in March 2024, an increase of 14%. There were 60 current contracts pending sale this March compared to 49 a year ago. The number of current contracts is 22% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Millersville and Severn was 100.4% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 21, lower than the average last year, which was 33, a decrease of 36%.


	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.