MILLERSVILLE AND SEVERN HOUSING MARKET DATA

There was a decrease in total units sold in June, with 53 sold this month in Millersville and Severn Real Estate versus 60 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 13% versus June 2024.

Versus last year, the total number of homes available this month is higher by 14 units or 22%. The total number of active inventory this June was 78 compared to 64 in June 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 101, a decrease of 23%.

Last June, the median sale price for Millersville and Severn Homes was $630,000. This June, the median sale price was $489,990, a decrease of 22% or $140,010 compared to last year. The current median sold price is 2% lower than in May.

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

In June, there was 1.5 months of supply available in Millersville and Severn, compared to 1.4 in June 2024. That is an increase of 8% 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 49 homes newly listed for sale in Millersville and Severn compared to 61 in June 2024, a decrease of 20%. There were 64 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 19% higher than last month.

In June, the average sale price in Millersville and Severn was 101.1% 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 11, lower than the average last year, which was 16, a decrease of 31%.





FOCUS ON: MILLERSVILLE AND SEVERN HOUSING MARKET			JUNE 2025

Zip Code(s): 21144 and 21108
Units Sold 53	Active Inventory 78	Median Sale Price $489,990	Days On Market 11

Up 13% Vs. Year Ago	Up 22% Vs. Year Ago	Down -22% Vs. Year Ago	Down -31% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 53 sold this month in Millersville and Severn Real Estate versus 60 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 13% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 14 units or 22%. The total number of active inventory this June was 78 compared to 64 in June 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 101, a decrease of 23%.
		Median Sale Price Last June, the median sale price for Millersville and Severn Homes was $630,000. This June, the median sale price was $489,990, a decrease of 22% or $140,010 compared to last year. The current median sold price is 2% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 64	Sold Vs. List Price 101.1%	Months of Supply 1.5

Down -20% Vs. Year Ago	No Change Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 8% Vs. Year Ago


		Months of Supply In June, there was 1.5 months of supply available in Millersville and Severn, compared to 1.4 in June 2024. That is an increase of 8% 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 49 homes newly listed for sale in Millersville and Severn compared to 61 in June 2024, a decrease of 20%. There were 64 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 19% higher than last month.
		Sale Price to List Price Ratio In June, the average sale price in Millersville and Severn was 101.1% 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 11, lower than the average last year, which was 16, a decrease of 31%.


	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.