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Saturday, November 16, 2024

What happened to the median home price in Jessup during the first half of 2020?

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The median sale price of a home sold in the first half of 2020 in Jessup rose by $50,000 while total sales increased by 33.3%, according to BlockShopper.com.

From January through June of 2020, there were four homes sold, with a median sale price of $275,000 - a 22.2% increase over the $225,000 median sale price for the same period of the previous year. There were three homes sold in Jessup in the first half of 2019.

The following table compares Jessup to other Anne Arundel County cities with similar median sale prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Deale484020%$299,500$319,450-6.2%
Paradise Beach5425%$297,500$367,500-19%
Linthicum8695-9.5%$296,250$285,0003.9%
Friendship41300%$293,000$700,000-58.1%
Green Gables12-50%$290,000$377,000-23.1%
Jessup4333.3%$275,000$225,00022.2%
Riviera Beach111128-13.3%$260,000$245,0006.1%
Ferndale1141076.5%$258,000$225,00014.7%
Venice on the Bay4333.3%$253,950$185,00037.3%
Glen Burnie447491-9%$245,000$224,9008.9%
Brooklyn Park116153-24.2%$167,709.50$169,000-0.8%

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