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Sunday, November 17, 2024

Arden on the 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 Arden on the Severn rose by $84,500 while total sales increased by 50%, according to BlockShopper.com.

From July through September of 2018, there were nine homes sold, with a median sale price of $368,000 - a 29.8% increase over the $283,500 median sale price for the same period of the previous year. There were six homes sold in Arden on the Severn in the third quarter of 2017.

The following table compares Arden on the 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)
Rock Creek Park330%$410,000$270,00051.9%
Gambrills810-20%$401,750$430,000-6.6%
Herald Harbor912-25%$386,000$325,20018.7%
Cape St. Claire5152-1.9%$385,000$354,2508.7%
Annapolis150200-25%$373,500$360,0003.8%
Arden on the Severn9650%$368,000$283,50029.8%
Edgewater4657-19.3%$355,000$325,0009.2%
Parole8699-13.1%$352,900$407,000-13.3%
Friendship13-66.7%$349,900$345,0001.4%
Riviera Isle31200%$349,900$323,4008.2%
Arnold109125-12.8%$345,500$342,0001%

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