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Friday, November 15, 2024

Falling home prices in Edgewater in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Edgewater fell by $15,000 while total sales remained unchanged with 93 homes sold, according to BlockShopper.com.

From January through June of 2019, there were 93 homes sold, with a median sale price of $325,000 - a 4.4% decrease over the $340,000 median sale price for the same period of the previous year. There were 93 homes sold in Edgewater in the first half of 2018, as well.

The following table compares Edgewater to other Anne Arundel County cities with similar median sale prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Arden on the Severn241384.6%$346,250$330,0004.9%
Woods Landing510-50%$345,000$392,450-12.1%
Severn31125422.4%$330,000$324,9501.6%
Riviera Isle67-14.3%$327,000$342,433-4.5%
Lake Shore154162-4.9%$326,450$290,00012.6%
Edgewater93930%$325,000$340,000-4.4%
Revell Downs1823-21.7%$320,000$259,00023.6%
Deale4051-21.6%$319,450$310,0003%
Odenton37132713.5%$310,000$300,0003.3%
Maryland City1059115.4%$289,999$305,000-4.9%
Crofton2562464.1%$289,450$318,950-9.2%

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