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Sunday, November 17, 2024

Severn home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Severn rose by $10,900 while total sales decreased by 1.3%, according to BlockShopper.com.

From July through September of 2018, there were 151 homes sold, with a median sale price of $325,900 - a 3.5% increase over the $315,000 median sale price for the same period of the previous year. There were 153 homes sold in Severn in the third quarter of 2017.

The following table compares Severn to other Anne Arundel County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Friendship13-66.7%$349,900$345,0001.4%
Riviera Isle31200%$349,900$323,4008.2%
Arnold109125-12.8%$345,500$342,0001%
Rose Haven220%$340,000$270,00025.9%
Riverwood10-$335,000$0-
Severn151153-1.3%$325,900$315,0003.5%
Maryland City5772-20.8%$320,000$292,2509.5%
Venice on the Bay4333.3%$319,000$200,00059.5%
Odenton1881851.6%$310,000$299,9003.4%
Deale322245.5%$310,000$282,5009.7%
Crofton126166-24.1%$306,500$303,5501%

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