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Friday, November 15, 2024

Severn median home prices rose by 4.5% in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Severn rose by $15,000 while total sales decreased by 14.1%, according to BlockShopper.com.

From January through June of 2020, there were 267 homes sold, with a median sale price of $345,000 - a 4.5% increase over the $330,000 median sale price for the same period of the previous year. There were 311 homes sold in Severn in the first half of 2019.

The following table compares Severn 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)
Herald Harbor2534-26.5%$372,900$349,9506.6%
Rock Creek Park110%$369,900$210,00076.1%
Bayside Beach70-$360,000$0-
Patuxent Manor67-14.3%$357,500$351,0001.9%
Greenwood Acres5425%$354,000$399,500-11.4%
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%

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