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Maryland State Wire

Friday, November 22, 2024

Falling home prices in Arden on the Severn in January 2022

Realestate1

The median sale price of a home sold in January 2022 in Arden on the Severn fell by $51,000 while total sales remained unchanged with three homes sold, according to BlockShopper.com.

In January 2022, there were three homes sold, with a median sale price of $400,000 - a 11.3% decrease over the $451,000 median sale price for the same period of the previous year. There were three homes sold in Arden on the Severn in January 2021, as well.

The following table compares Arden on the Severn to other Anne Arundel County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Annapolis758-87.9%$420,000$434,750-3.4%
Pasadena845-82.2%$416,000$325,00028%
Parole631-80.6%$412,500$435,000-5.2%
Revell Downs3250%$405,000$237,50070.5%
Shady Side412-66.7%$405,000$367,50010.2%
Arden on the Severn330%$400,000$451,000-11.3%
Severn1960-68.3%$395,000$376,5004.9%
Odenton872-88.9%$376,000$324,50015.9%
Maryland City423-82.6%$372,450$337,00010.5%
Glen Burnie3081-63%$352,450$283,00024.5%
Riviera Beach324-87.5%$346,000$277,00024.9%

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