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Sunday, November 17, 2024

Gambrills home prices fall 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 Gambrills fell by $28,250 while total sales decreased by 20%, according to BlockShopper.com.

From July through September of 2018, there were eight homes sold, with a median sale price of $401,750 - a 6.6% decrease over the $430,000 median sale price for the same period of the previous year. There were 10 homes sold in Gambrills in the third quarter of 2017.

The following table compares Gambrills 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)
Jessup24-50%$428,250$347,45023.3%
Green Gables10-$425,000$0-
Greenwood Acres31200%$425,000$305,00039.3%
Patuxent Manor62200%$412,500$285,45044.5%
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%

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