$4,393 Closing Credit*
$369,900
768 SqFt
2 Beds
•1 Full Bath
Dawn Marie Evans, Listing Office: Long & Foster Real Estate, Inc.
Is Arden on the Severn, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Arden on the Severn has remained a Seller's Market.
Key Takeaway
Arden on the Severn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arden on the Severn, MD
How much do homes in Arden on the Severn, MD cost?
Median Sold Price
$580,750
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$68,250(+13.3%)
Key Takeaway
Homes in Arden on the Severn have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Arden on the Severn was $580,750 in August 2024, up 13.3% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $415K | N/A |
| 3 Bedrooms | $470.5K | $460K | -2.2% |
| 4 Bedrooms | $562K | $608.5K | +8.3% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Arden on the Severn housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Arden on the Severn | $512.5K | $580.7K | +13.3% |
| Sunrise Beach | $525K | $580.7K | +10.6% |
Housing Supply in Arden on the Severn, MD
How many homes are available in Arden on the Severn, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Summary: The Arden on the Severn real estate market had 4 homes for sale in August 2024, a 50.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 0 | -100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Arden on the Severn housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Arden on the Severn, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Arden on the Severn in August 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Arden on the Severn, MD
How long does it take to sell a home in Arden on the Severn, MD?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 11 Days | 6 Days | -46.4% |
Summary: Homes in Arden on the Severn had an average of 6 days on market in Aug 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arden on the Severn are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1 homes were sold in Arden on the Severn; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
