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Monday, November 25, 2024

What happened to the median home price in Severn during May 2021?

Realestate3

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Adobe Stock

The median sale price of a home sold in May 2021 in Severn fell by $12,500 while total sales decreased by 73.9%, according to BlockShopper.com.

In May 2021, there were 12 homes sold, with a median sale price of $342,500 - a 3.5% decrease over the $355,000 median sale price for the same period of the previous year. There were 46 homes sold in Severn in May 2020.

The following table compares Severn to other Anne Arundel County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Linthicum421-81%$410,500$340,50020.6%
Deale39-66.7%$405,000$375,0008%
Pasadena1139-71.8%$400,000$314,00027.4%
Maryland City314-78.6%$370,000$340,5008.7%
Mayo312-75%$345,000$367,500-6.1%
Severn1246-73.9%$342,500$355,000-3.5%
Annapolis1456-75%$331,500$433,250-23.5%
Odenton1535-57.1%$328,000$369,000-11.1%
Lake Shore614-57.1%$317,500$304,3254.3%
Glen Burnie2769-60.9%$310,000$240,00029.2%
Crofton1435-60%$309,800$440,000-29.6%

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