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Friday, November 15, 2024

June 2020: Riva experienced a 16.3% drop in median home prices

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The median sale price of a home sold in June 2020 in Riva fell by $103,000 while total sales decreased by 28.6%, according to BlockShopper.com.

In June 2020, there were five homes sold, with a median sale price of $527,000 - a 16.3% decrease over the $630,000 median sale price for the same period of the previous year. There were seven homes sold in Riva in June 2019.

The following table compares Riva to other Anne Arundel County cities with similar median sale prices in June 2020:

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Severna Park5258-10.3%$545,500$550,000-0.8%
Riva57-28.6%$527,000$630,000-16.3%
Rock Anna10-$520,000$0-
Gambrills38-62.5%$505,000$423,75019.2%
Riviera Isle10-$480,000$0-
Annapolis Neck1927-29.6%$474,500$450,0005.4%
Mayo1315-13.3%$439,900$399,00010.3%
Parole2638-31.6%$426,000$382,50011.4%
Cape St. Claire618-66.7%$418,000$428,250-2.4%
Arnold5567-17.9%$400,000$435,000-8%
Annapolis5587-36.8%$390,000$460,000-15.2%

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