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Saturday, July 5, 2025

Severn home prices fall in May 2018

Realestate5

The median sale price of a home sold in May 2018 in Severn fell by $28,800 while total sales decreased by 10.9%, according to BlockShopper.com.

In May 2018, there were 49 homes sold, with a median sale price of $316,200 - a 8.3% decrease over the $345,000 median sale price for the same period of the previous year. There were 55 homes sold in Severn in May 2017.

The following table compares Severn to other Anne Arundel County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Annapolis6272-13.9%$366,250$335,0009.3%
Riverwood110%$360,000$250,00044%
Edgewater1925-24%$359,900$305,00018%
North River Forest21100%$351,750$270,00030.3%
Crofton4649-6.1%$322,050$344,900-6.6%
Severn4955-10.9%$316,200$345,000-8.3%
Greenwood Acres13-66.7%$315,000$339,000-7.1%
Odenton6073-17.8%$313,950$305,0002.9%
Maryland City1719-10.5%$305,000$267,50014%
Herald Harbor48-50%$302,500$332,450-9%
Revell Downs81700%$286,250$350,000-18.2%

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