What Is The Average Home Price In Severna Park MD?

Definition of "What is the average home price in Severna Park MD?"

Maryland is one of the smallest states in the USA, but it holds a very diverse climate and has about 4,000 miles of shoreline. This makes it unique in many ways and so is the city of Severna Park, MD which is located in the Baltimore-Washington metropolitan area.

For many of its residents living in Severna Park, MD is a dream come true since the city offers multiple attractions and amenities perfect for tourists and locals alike. The green areas along the water make these spaces perfect for water sports and other water-related activities. The family-friendly environment along with highly-rated schools makes Severna Park, MD a good place to raise a family and to get a good education.

There are many things to do and places to visit in Severna Park, MD so you will hardly ever get bored here. In case you ever decide to explore some other notable cities, you can have the perfect weekend getaway in the capital Annapolis, or in Baltimore, which by the way is just a 15-minute drive from Severna Park, MD.

All these things make Severna Park, MD a good place to live, but is it expensive to live in Severna Park? Since housing is the biggest concern and the biggest factor in the cost of living, what is the average home price in Severna Park, MD?

What is the median home price in Severna Park, MD?

Home prices in Severna Park are quite expensive, therefore, the good quality of life, experienced by its residents doesn’t come cheap. According to some of the major listing websites, the median home value in Severna Park is about $530,000 and since 2017 up until 2020 the median home values have seen some minor fluctuations but overall homes tend to maintain their value pretty well in the area.

You will find most of the properties listed for sale within the price range of $500,000 to $1,000,000 and waterfront properties are very common in many of the city's neighborhoods. Make sure you contact one of our top real estate agents in Severna Park MD if you want to become a proud homeowner in this beautiful city, surrounded by wonderful people.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. ...

When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...

Removing a debt by making full payment. A mortgage discharge is a document formally specifying that a mortgage debt have been paid. It is typically recorded in a local property deeds ...

An increase in the income tax basis of a property that is a result of a tax-free exchange. As a result of an inheritance, for example, the basis of the inherited property was stepped up to ...

City apartment building that is overcrowded, poorly constructed or maintained, and generally part of a slum. In law, a tenement also refers to possessions of an individual that are ...

The meaning of a development impact fee or impact fee defines a one-time cost the local government imposes on a brand new or planned development project (regularly on a property developer.) ...

Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was ...

New cost less accumulated depreciation to date. ...

The meaning of the term tort outlines a wrongful act resulting in injury or damages. For example, trespassing on someone’s private property can end up destroying a part of it. ...