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Maryland State Wire

Thursday, November 7, 2024

Severna Park home prices rise in the first quarter of 2018

Realestate1

The median sale price of a home sold in the first quarter of 2018 in Severna Park rose by $21,050 while total sales decreased by 22.2%, according to BlockShopper.com.

From January through March of 2018, there were 77 homes sold, with a median sale price of $470,000 - a 4.7% increase over the $448,950 median sale price for the same period of the previous year. There were 99 homes sold in Severna Park in the first quarter of 2017.

The following table compares Severna Park to other Anne Arundel County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Little John110%$1,590,000$1,650,000-3.6%
Crownsville67-14.3%$745,000$725,0002.8%
Galesville21100%$697,500$360,00093.8%
Rock Anna220%$480,000$252,50090.1%
Severna Park7799-22.2%$470,000$448,9504.7%
Whispering Woods12-50%$465,000$289,544.5060.6%
Gambrills56-16.7%$456,750$322,50041.6%
Annapolis Neck3961-36.1%$455,000$494,999-8.1%
Tanager Forest30-$440,000$0-
Rock Creek Park13-66.7%$425,000$284,90049.2%
Belhaven Beach14-75%$394,000$352,00011.9%

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