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Saturday, November 16, 2024

Pricing for the median home in Severn increased during the second quarter of 2020

Re 1

The median sale price of a home sold in the second quarter of 2020 in Severn rose by $29,000 while total sales decreased by 30%, according to BlockShopper.com.

From April through June of 2020, there were 119 homes sold, with a median sale price of $364,000 - a 8.7% increase over the $335,000 median sale price for the same period of the previous year. There were 170 homes sold in Severn in the second quarter of 2019.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Woods Landing220%$401,750$371,0008.3%
Arnold125142-12%$390,000$411,000-5.1%
Patuxent Manor24-50%$387,500$359,5007.8%
Crofton126167-24.6%$375,000$310,00021%
Whispering Woods14-75%$371,000$367,4001%
Severn119170-30%$364,000$335,0008.7%
Bayside Beach50-$360,000$0-
Greenwood Acres12-50%$354,000$430,000-17.7%
Edgewater58547.4%$337,250$345,000-2.2%
Rose Haven220%$334,500$366,200-8.7%
Shady Side2430-20%$327,000$258,70026.4%

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