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Maryland State Wire

Friday, November 22, 2024

Falling home prices in Annapolis in January 2022

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Adobe Stock

The median sale price of a home sold in January 2022 in Annapolis fell by $14,750 while total sales decreased by 87.9%, according to BlockShopper.com.

In January 2022, there were seven homes sold, with a median sale price of $420,000 - a 3.4% decrease over the $434,750 median sale price for the same period of the previous year. There were 58 homes sold in Annapolis in January 2021.

The following table compares Annapolis 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)
Edgewater220-90%$573,000$386,50048.3%
Cape St. Claire214-85.7%$486,250$389,95024.7%
Jessup10-$435,000$0-
Arnold725-72%$425,000$361,00017.7%
Ferndale324-87.5%$421,000$279,95050.4%
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%

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