1022 Lorenz Rd

1022 Lorenz Rd is a 2-bedroom 1-bathroom home listed for sale at $444,900, which is $357,600 (44.6%) lower than the average sold price of $802,500 in the last 30 days (March 25 - April 23). During the last 30 days the average sold price for a 2 bedroom home in Severn increased by $25,834 (3.3%) compared to the previous 30 day period (February 24 - March 24) and up $251,250 (45.6%) from the same time one year ago.There were 6 2-bedroom homes listed in Severn over the last 30 days (March 25 - April 23), which is up 100.0% compared with the previous 30 day period (February 24 - March 24) and down 40.0% compared with the same period last year.2-bedroom homes in Severn typically sold $2,600 (0.3%) above asking price over the last 30 days (March 25 - April 23), which represents a $12,200 increase compared to the previous 30 day period (February 24 - March 24) and $2,575 more than the same period last year.Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Severn over the last 30 days (March 25 - April 23) stood at 16.7%, down from 100.0% over the previous 30 days (February 24 - March 24) and down from 40.0% one year ago.An average time on the market for a 2-bedroom 1-bathroom home in Severn stood at 5 days when successfully sold over the last 30 days (March 25 - April 23), compared to 95 days before being removed from the market upon being suspended or terminated.