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Friday, November 15, 2024

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

Re 1

The median sale price of a home sold in the first half of 2020 in Galesville rose by $58,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

From January through June of 2020, there were three homes sold, with a median sale price of $325,000 - a 21.7% increase over the $267,000 median sale price for the same period of the previous year. There were three homes sold in Galesville in the first half of 2019, as well.

The following table compares Galesville 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)
Severn267311-14.1%$345,000$330,0004.5%
Rose Haven23-33.3%$334,500$352,500-5.1%
Crofton244256-4.7%$331,000$289,45014.4%
Edgewater1159323.7%$331,000$325,0001.8%
Maryland City88105-16.2%$325,000$289,99912.1%
Galesville330%$325,000$267,00021.7%
Lake Shore122154-20.8%$320,000$326,450-2%
North River Forest7616.7%$315,000$352,500-10.6%
Odenton274371-26.1%$315,000$310,0001.6%
Revell Downs1018-44.4%$311,000$320,000-2.8%
Shady Side5458-6.9%$310,000$277,25011.8%

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