MILLERSVILLE AND SEVERN HOUSING MARKET DATA

There was a decrease in total units sold in February, with 37 sold this month in Millersville and Severn Real Estate versus 44 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 9% versus February 2024.

Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this February was 43 compared to 45 in February 2024. This month's total of 43 is lower than the previous month's total supply of available inventory of 52, a decrease of 17%.

Last February, the median sale price for Millersville and Severn Homes was $524,990. This February, the median sale price was $522,000, a decrease of 1% or $2,990 compared to last year. The current median sold price is 9% higher than in January.

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

In February, there was 1.2 months of supply available in Millersville and Severn, compared to 1.3 in February 2024. That is a decrease of 12% 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 41 homes newly listed for sale in Millersville and Severn compared to 49 in February 2024, a decrease of 16%. There were 45 current contracts pending sale this February compared to 42 a year ago. The number of current contracts is 7% higher than last February.

In February, the average sale price in Millersville and Severn was 101.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 16, lower than the average last year, which was 27, a decrease of 41%.





FOCUS ON: MILLERSVILLE AND SEVERN HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 21144 and 21108
Units Sold 37	Active Inventory 43	Median Sale Price $522,000	Days On Market 16

Up 9% Vs. Year Ago	Down -4% Vs. Year Ago	Down -1% Vs. Year Ago	Down -41% Vs. Year Ago


		Units Sold There was a decrease in total units sold in February, with 37 sold this month in Millersville and Severn Real Estate versus 44 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 9% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this February was 43 compared to 45 in February 2024. This month's total of 43 is lower than the previous month's total supply of available inventory of 52, a decrease of 17%.
		Median Sale Price Last February, the median sale price for Millersville and Severn Homes was $524,990. This February, the median sale price was $522,000, a decrease of 1% or $2,990 compared to last year. The current median sold price is 9% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 41	Current Contracts 45	Sold Vs. List Price 101.0%	Months of Supply 1.2

Down -16% Vs. Year Ago	Up 7% Vs. Year Ago	No Change Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In February, there was 1.2 months of supply available in Millersville and Severn, compared to 1.3 in February 2024. That is a decrease of 12% 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 41 homes newly listed for sale in Millersville and Severn compared to 49 in February 2024, a decrease of 16%. There were 45 current contracts pending sale this February compared to 42 a year ago. The number of current contracts is 7% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Millersville and Severn was 101.0% 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 16, lower than the average last year, which was 27, a decrease of 41%.


	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.