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Monday, December 23, 2024

Mayo home prices rise in the first quarter of 2019

Realestate1

The median sale price of a home sold in the first quarter of 2019 in Mayo rose by $15,000 while total sales increased by 22.2%, according to BlockShopper.com.

From January through March of 2019, there were 33 homes sold, with a median sale price of $375,000 - a 4.2% increase over the $360,000 median sale price for the same period of the previous year. There were 27 homes sold in Mayo in the first quarter of 2018.

The following table compares Mayo to other Anne Arundel County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Gambrills8560%$480,000$456,7505.1%
Annapolis Neck433910.3%$450,000$455,000-1.1%
Arnold705820.7%$407,450$331,00023.1%
Greenwood Acres21100%$391,250$350,00011.8%
Green Gables21100%$377,000$365,0003.3%
Mayo332722.2%$375,000$360,0004.2%
Briarwood13-66.7%$370,000$350,0005.7%
Paradise Beach10-$370,000$0-
Annapolis110111-0.9%$352,500$385,830-8.6%
North River Forest220%$351,900$359,000-2%
Patuxent Manor31200%$351,000$390,000-10%

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