The median sale price of a home sold in May 2017 in Arden on the Severn fell by $214,900 while total sales remained unchanged with three homes sold, according to BlockShopper.com.
In May 2017, there were three homes sold, with a median sale price of $285,000 – a 43% decrease over the $499,900 median sale price for the same period of the previous year. There were three homes sold in Arden on the Severn in May 2016, as well.
The following table compares Arden on the Severn to other Anne Arundel County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Herald Harbor | 8 | 1 | 700% | $332,450 | $365,000 | -8.9% |
| Gambrills | 3 | 1 | 200% | $317,000 | $708,000 | -55.2% |
| Odenton | 73 | 56 | 30.4% | $305,000 | $280,000 | 8.9% |
| Edgewater | 25 | 21 | 19% | $305,000 | $335,000 | -9% |
| Lake Shore | 25 | 35 | -28.6% | $288,000 | $289,000 | -0.3% |
| Arden on the Severn | 3 | 3 | 0% | $285,000 | $499,900 | -43% |
| Belhaven Beach | 2 | 0 | – | $281,024.50 | $0 | – |
| Rock Creek Park | 1 | 0 | – | $275,000 | $0 | – |
| Arnold | 44 | 53 | -17% | $273,450 | $377,000 | -27.5% |
| North River Forest | 1 | 2 | -50% | $270,000 | $241,700 | 11.7% |
| Maryland City | 19 | 9 | 111.1% | $267,500 | $257,369 | 3.9% |
