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Sunday, November 17, 2024

Mayo 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 Mayo rose by $62,500 while total sales increased by 9.5%, according to BlockShopper.com.

From July through September of 2018, there were 46 homes sold, with a median sale price of $432,500 - a 16.9% increase over the $370,000 median sale price for the same period of the previous year. There were 42 homes sold in Mayo in the third quarter of 2017.

The following table compares Mayo 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)
Carriage Hills10-$610,000$0-
Briarwood24-50%$514,950$480,0007.3%
Severna Park17615116.6%$509,950$515,000-1%
Annapolis Neck74714.2%$504,700$510,000-1%
Riva1013-23.1%$490,500$540,000-9.2%
Mayo46429.5%$432,500$370,00016.9%
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%

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