SEVERNA PARK HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in May, with 23 sold this month in Severna Park Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 12%. The total number of active inventory this May was 43 compared to 49 in May 2024. This month's supply remained stable as compared to last month.

Last May, the median sale price for Severna Park Homes was $710,000. This May, the median sale price was $810,000, an increase of 14% or $100,000 compared to last year. The current median sold price is 12% higher 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 1.9 months of supply available in Severna Park, compared to 1.3 in May 2024. That is an increase of 41% 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 37 homes newly listed for sale in Severna Park compared to 52 in May 2024, a decrease of 29%. There were 34 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 42% higher than last month.

In May, the average sale price in Severna Park was 101.2% of the average list price, which is 1.8% 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 14, a decrease of 21%.





FOCUS ON: SEVERNA PARK HOUSING MARKET			MAY 2025

Zip Code(s): 21146
Units Sold 23	Active Inventory 43	Median Sale Price $810,000	Days On Market 11

Down Vs. Year Ago	Down -12% Vs. Year Ago	Up 14% Vs. Year Ago	Down -21% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in May, with 23 sold this month in Severna Park Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 12%. The total number of active inventory this May was 43 compared to 49 in May 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last May, the median sale price for Severna Park Homes was $710,000. This May, the median sale price was $810,000, an increase of 14% or $100,000 compared to last year. The current median sold price is 12% higher 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 37	Current Contracts 34	Sold Vs. List Price 101.2%	Months of Supply 1.9

Down -29% Vs. Year Ago	No Change Vs. Year Ago	Down -1.7% Vs. Year Ago	Up 42% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Severna Park, compared to 1.3 in May 2024. That is an increase of 41% 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 37 homes newly listed for sale in Severna Park compared to 52 in May 2024, a decrease of 29%. There were 34 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 42% higher than last month.
		Sale Price to List Price Ratio In May, the average sale price in Severna Park was 101.2% of the average list price, which is 1.8% 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 14, a decrease of 21%.


	Severna Park are defined as properties listed in zip code/s 21146.
	*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.