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Saturday, May 4, 2024

Severn home prices fall in April 2017

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The median sale price of a home sold in April 2017 in Severn fell by $33,500 while total sales decreased by 22.6%, according to BlockShopper.com.

In April 2017, there were 48 homes sold, with a median sale price of $291,500 - a 10.3% decrease over the $325,000 median sale price for the same period of the previous year. There were 62 homes sold in Severn in April 2016.

The following table compares Severn to other Anne Arundel County cities with similar median sales prices in April 2017:

CityApr. 2017 Home SalesApr. 2016 Home Sales% change (Total Home Sales)Apr. 2017 Median Sales PriceApr. 2016 Median Sales Price% change (Median Sales Price)
Crofton3243-25.6%$319,950$295,0008.5%
Mayo161323.1%$318,014$435,000-26.9%
Arden on the Severn14-75%$310,000$315,000-1.6%
Edgewater1322-40.9%$308,000$293,0005.1%
Annapolis4161-32.8%$305,000$420,000-27.4%
Severn4862-22.6%$291,500$325,000-10.3%
Crownsville20-$280,750$0-
Odenton5468-20.6%$267,500$272,500-1.8%
Lake Shore393318.2%$260,500$279,000-6.6%
Revell Downs220%$259,500$231,00012.3%
Deale12933.3%$255,000$275,625-7.5%

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