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Anne Arundel Today

Wednesday, November 27, 2024

Severn home prices rise in the second half of 2018

Realestate1

The median sale price of a home sold in the second half of 2018 in Severn rose by $13,000 while total sales decreased by 1%, according to BlockShopper.com.

From July through December of 2018, there were 298 homes sold, with a median sale price of $328,000 - a 4.1% increase over the $315,000 median sale price for the same period of the previous year. There were 301 homes sold in Severn in the second half of 2017.

The following table compares Severn to other Anne Arundel County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Arnold196220-10.9%$349,500$345,0001.3%
Rock Creek Park4333.3%$344,500$270,00027.6%
Edgewater89120-25.8%$341,500$324,5005.2%
Rose Haven45-20%$340,000$294,00015.6%
Jessup710-30%$335,000$238,00040.8%
Severn298301-1%$328,000$315,0004.1%
Maryland City105127-17.3%$320,000$295,0008.5%
Crofton218305-28.5%$317,500$309,0002.8%
Lake Shore166171-2.9%$312,749.50$310,0000.9%
Riverwood220%$312,500$385,000-18.8%
Deale574332.6%$310,000$300,0003.3%

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