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Severn Market Report

Current conditions across 213 active for-sale listings and 17 rentals in Severn. Figures below are from live MLS® inventory and reflect asking prices.

Active for sale
213
listings on market
Median asking
$890,000
all property types
Avg. days on market
18
balanced market
Median rent
$3,000/mo
17 rentals available

By property type

Severn asking prices by property type
Property typeListingsMedian askingAvg. $/sq ftAvg. DOM
Detached76$949,999$73117
Vacant land8$850,000$16921
Other7$309,000$44421
Multi-unit / investment2$4,400,000$1719
Retail2$499,900$14040
Multiplex1$775,000$3104

Based on active listings only. Closed sale prices and sale-to-list ratios are VOW data, available to registered users.

What this means

Severn is running close to balanced at an average of 18 days on market. Buyers generally have room to see a property twice and negotiate conditions; sellers need correct pricing rather than aspirational pricing.

Remember that a city-wide figure hides a lot. Rural Severn and Washago can behave completely differently in the same month, and condo and detached segments frequently diverge. For a decision that matters, use the numbers for your specific property type in your specific pocket.

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