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Friday, November 15, 2024

What happened to the median home price in Arden on the Severn during the first half of 2020?

Realestate2

The median sale price of a home sold in the first half of 2020 in Arden on the Severn rose by $31,250 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through June of 2020, there were 16 homes sold, with a median sale price of $377,500 - a 9% increase over the $346,250 median sale price for the same period of the previous year. There were 24 homes sold in Arden on the Severn in the first half of 2019.

The following table compares Arden on the 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)
Whispering Woods26-66.7%$422,915$356,90018.5%
Mayo6678-15.4%$413,500$399,499.503.5%
Woods Landing550%$393,500$345,00014.1%
Arnold197212-7.1%$385,000$411,000-6.3%
Annapolis264294-10.2%$380,000$392,294-3.1%
Arden on the Severn1624-33.3%$377,500$346,2509%
Cape St. Claire5876-23.7%$377,500$372,5001.3%
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%

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