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Thursday, November 14, 2024

Riva home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Riva fell by $92,200 while total sales increased by 100%, according to BlockShopper.com.

In May 2019, there were six homes sold, with a median sale price of $442,800 - a 17.2% decrease over the $535,000 median sale price for the same period of the previous year. There were three homes sold in Riva in May 2018.

The following table compares Riva to other Anne Arundel County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Severna Park50492%$497,450$507,500-2%
Annapolis Neck181520%$489,999.50$575,000-14.8%
Mayo1516-6.3%$488,000$373,50030.7%
Tanager Forest10-$475,000$0-
Gambrills330%$470,000$381,90023.1%
Riva63100%$442,800$535,000-17.2%
Rock Anna12-50%$420,000$247,70069.6%
Belhaven Beach110%$415,000$875,000-52.6%
Cape St. Claire79-22.2%$405,000$386,0004.9%
Annapolis4362-30.6%$400,000$366,2509.2%
Herald Harbor7475%$392,500$302,50029.8%

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