Home Values

Severna Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$457,600

  • 0.5% 1-year change
  • 0.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Severna Park is $457,600. Severna Park home values have gone up 0.5% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in Severna Park is $250, which is higher than the Baltimore Metro average of $167. The median price of homes currently listed in Severna Park is $515,000 while the median price of homes that sold is $455,625.

Foreclosures will be a factor impacting home values in the next several years. In Severna Park 0.7 homes are foreclosed (per 10,000). This is lower than the Baltimore Metro value of 3.4 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Severna Park is 4.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Severna Park homeowners underwater on their mortgage is 10.9%, which is lower than Baltimore Metro at 21.7%.

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Relative ZHVI
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Severna Park Market Overview

Data through Sep 30, 2014
  • $457,600 ZHVI
  • 0.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $515,000 Median listing price
  • $455,625 Median sale price
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Severna Park Market Health

Data through Sep 30, 2014
  • 8.9/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes Severna Park
3.4 homes Baltimore Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Riva $431,800
Arnold $389,200
Annapolis $380,700
Name Median ZHVI
Crownsville $378,100
Gambrills $355,300
Crofton $333,900
Name Median ZHVI
Severn $302,800
Pasadena $283,600
Glen Burnie $229,100

Listings & Sales

Data through Sep 30, 2014
  • $250 Median list price / sq ft
  • $242 Median sale price / sq ft
  • 48.6% Listings with price cut
4.8%
Sold below listing
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Severna Park Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,403 Severna Park
    $1,712 Baltimore Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.38 Rent list price / sq ft
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