Property prices for sale in Severn (Maryland)
The prices in real estate in Severn, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Severn has remained the same in the last 6 months. In October, the average price per sq.feet was $248. In November this price pretty much remained the same at a value of $238 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $243 to $253.5 per sq.feet. The price per sq.feet has increased 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $248.25 to $263 during February, and March.
Based upon to the price in Severn (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $553,318. In November This price remains at $532,960. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $529,270.5 and $531,190 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $528,657 they are 79 % more affordable than the average price for Severn. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 3 bedrooms priced at $396,978.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $94 / sq.feet, with an average $256 / sq.feet price in Severn. The properties with the lowest average prices have 3 bedrooms. They are 32 % cheaper than the average followed by properties with 2 bedrooms with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $528,657 it is 70 % cheaper than the average price in Severn. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $429,727 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $170 / sq.feet followed by "House" priced at $176 / sq.feet. "Townhouse" is the most costly type of property with a $13,066 / sq.feet cost followed by "Apartment" with an average price of $1,091 / sq.feet.
