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Sunday, November 17, 2024

Severna Park 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 Severna Park fell by $5,050 while total sales increased by 16.6%, according to BlockShopper.com.

From July through September of 2018, there were 176 homes sold, with a median sale price of $509,950 - a 1% decrease over the $515,000 median sale price for the same period of the previous year. There were 151 homes sold in Severna Park in the third quarter of 2017.

The following table compares Severna Park 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)
Little John10-$775,000$0-
Crownsville34-25%$725,000$998,750-27.4%
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-

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