Real Estate Market Update for Severna Park, MD
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was up 12% from one year earlier, and up 2% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 560-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 18%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 470-thousand dollars. The number of units sold decreased 22% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Severna Park, MD
Area Information for Severna Park, MD
  • Population: 39,047
  • Median Age: 42.28 yr
  • Median Commute Time: 23.95 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,368/sq mi
  • Population Change Since 2000: 9.56%
  • Closest Airport: Baltimore/washington International Thurgood Marshall
  • Closest College: United States Naval Academy
  • Closest Jr. College: Anne Arundel Community College
  • Median Household Income: $115,580
  • Annual Residential Turnover: 10.37%
  • Median Years in Residence: 5.68 yr
  • Median Home Sales Price: $430,000
  • Closest Major Sports Team: Bowie Baysox
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Severna Park, MD
Median Age: 42.28 Married: 44% Number of Households: 13,313 Households with Children: 5,469
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Severna Park, MD

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Severna Park High School 0.3 mi Public 9-12 4-5 4
      Severna Park Evening High School 0.3 mi Public 9-12 0 0
      St Martin's In-the-field Day School 0.7 mi Private PRESCHOOL-8 0 5
      Oak Hill Elementary School 0.8 mi Public PRESCHOOL-5 4-5 5
      Severna Park Elementary School 0.8 mi Public K-5 5 5
      Severn School 1.0 mi Private PRESCHOOL-12 0 5
      Folger Mckinsey Elementary School 1.1 mi Public K-5 5 5
      St. John The Evangelist School 1.2 mi Catholic 1-8 0 4
      Severna Park Middle School 1.4 mi Public 6-8 5 5
      Edinboro Early School 1.5 mi Private PRESCHOOL-K 0 0
      Benfield Elementary School 1.8 mi Public K-5 5 4
      Jones Elementary School 2.0 mi Public K-5 5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Severna Park, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.