1531 Lovering Line

1531 Lovering Line is a 3-bedroom 1-bathroom home listed for sale at $619,900, which is $573,679 (48.1%) lower than the average sold price of $1,193,579 in the last 30 days (September 21 - October 20). During the last 30 days the average sold price for a 3 bedroom home in Severn increased by $278,733 (30.5%) compared to the previous 30 day period (August 22 - September 20) and up $512,972 (75.4%) from the same time one year ago.There were 18 3-bedroom homes listed in Severn over the last 30 days (September 21 - October 20), which is up 12.5% compared with the previous 30 day period (August 22 - September 20) and down 18.2% compared with the same period last year.3-bedroom homes in Severn typically sold ($71,929) (6.0%) below asking price over the last 30 days (September 21 - October 20), which represents a $32,214 decrease compared to the previous 30 day period (August 22 - September 20) and ($29,030) less 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 3-bedroom homes in Severn over the last 30 days (September 21 - October 20) stood at 61.1%, down from 81.2% over the previous 30 days (August 22 - September 20) and up from 59.1% one year ago.An average time on the market for a 3-bedroom 1-bathroom home in Severn stood at 81 days when successfully sold over the last 30 days (September 21 - October 20), compared to 101 days before being removed from the market upon being suspended or terminated.