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Sunday, November 17, 2024

Riva home prices fall in the third quarter of 2018

Realestate077

The median sale price of a home sold in the third quarter of 2018 in Riva fell by $49,500 while total sales decreased by 23.1%, according to BlockShopper.com.

From July through September of 2018, there were 10 homes sold, with a median sale price of $490,500 - a 9.2% decrease over the $540,000 median sale price for the same period of the previous year. There were 13 homes sold in Riva in the third quarter of 2017.

The following table compares Riva 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)
Galesville24-50%$720,000$1,025,000-29.8%
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%

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