Arnold home prices rise in the first quarter of 2017

Arnold home prices rise in the first quarter of 2017
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The median sale price of a home sold in the first quarter of 2017 in Arnold rose by $4,250 while total sales increased by 21.3%, according to BlockShopper.com.

From January through March of 2017, there were 97 homes sold, with a median sale price of $300,000 – a 1.4% increase over the $295,750 median sale price for the same period of the previous year. There were 80 homes sold in Arnold in the first quarter of 2016.

The following table compares Arnold to other Anne Arundel County cities with similar median sales prices in the first quarter of 2017:

City Jan. – Mar. 2017 Home Sales Jan. – Mar. 2016 Home Sales % change (Total Home Sales) Jan. – Mar. 2017 Median Sales Price Jan. – Mar. 2016 Median Sales Price % change (Median Sales Price)
Cape St. Claire 28 34 -17.6% $326,000 $298,909.50 9.1%
Gambrills 6 7 -14.3% $322,500 $366,000 -11.9%
Herald Harbor 13 9 44.4% $315,000 $285,000 10.5%
Edgewater 49 45 8.9% $315,000 $312,000 1%
Annapolis 137 127 7.9% $309,000 $304,500 1.5%
Arnold 97 80 21.3% $300,000 $295,750 1.4%
Arden on the Severn 5 10 -50% $300,000 $235,000 27.7%
Severn 124 135 -8.1% $297,270 $257,500 15.4%
Patuxent Manor 2 5 -60% $292,500 $355,000 -17.6%
Deale 27 17 58.8% $290,000 $287,000 1%
Whispering Woods 2 0 $289,544.50 $0


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