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Friday, November 8, 2024

How did home prices perform in Gambrills during the third quarter of 2020?

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The median sale price of a home sold in the third quarter of 2020 in Gambrills rose by $101,000 while total sales decreased by 30.8%, according to BlockShopper.com.

From July through September of 2020, there were nine homes sold, with a median sale price of $516,000 - a 24.3% increase over the $415,000 median sale price for the same period of the previous year. There were 13 homes sold in Gambrills in the third quarter of 2019.

The following table compares Gambrills to other Anne Arundel County cities with similar median sale prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Bayside Beach31200%$590,000$365,00061.6%
Briarwood3250%$559,900$760,312.50-26.4%
Riviera Isle110%$555,000$300,00085%
Severna Park187207-9.7%$545,000$512,5006.3%
Galesville30-$525,000$0-
Gambrills913-30.8%$516,000$415,00024.3%
Rock Creek Park220%$501,000$357,00040.3%
Greenwood Acres15-80%$475,000$415,00014.5%
Belhaven Beach26-66.7%$466,000$294,50058.2%
Mayo615510.9%$455,000$416,0009.4%
Annapolis173188-8%$455,000$393,00015.8%

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