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West Anne Arundel County Home-Sale Trends Continue Higher

Buyers are finding a lot fewer homes to choose from, and homes are selling much faster.

 

Real estate sales activity in west Anne Arundel County continues to be strong, as measured by the latest data provided by the Metropolitan Regional Information Service.

Far fewer homes are on the market than at the same time a year ago and homes are selling much faster.

Median home prices in Odenton and Gambrills tailed off a bit during the most recent reporting period. But those drops were relatively small and followed several months of sizable home price increases in those areas.

Gambrills enjoyed a huge jump in the number of homes sold over the same time last year. Meanwhile, Crofton residents saw the median price for homes sold in their zip code jump by nearly 31 percent over January 2012.

In Odenton, there were far fewer homes on the market in January than during  the same period in 2012, and the Odenton houses that sold in January did so twice as quickly on average as the year before.

Odenton (21113)

 

Jan. 2013

Jan. 2012

% Change

Median Sold Price

$224,500

$230,000

-2.39%

No. of Homes Sold

18

21

-14.29%

Avg. Days on Market

48

103

-53.40%

No. Attached Homes Sold

15

16

-6.25%

No. Detached Homes Sold

3

5

-40.00%

No. of Active Listings

76

130

-41.54%

 

In Severn, median home prices in January jumped more than 10 percent over the previous year. Also, there were far fewer homes for sale in Severn in January than a year ago.

Severn (21144)

 

Jan. 2013

Jan. 2012

% Change

Median Sold Price

$285,000

$257,500

10.68%

No. of Homes Sold

13

16

-18.75%

Avg. Days on Market

158

147

7.48%

No. Attached Homes Sold

5

2

150.00%

No. Detached Homes Sold

8

14

-42.86%

No. of Active Listings

109

149

-26.85%

 

In Gambrills, more than twice as many homes sold in January than during the same period one year earlier. However, the homes sold in January stayed on the market much longer than in January 2012, and the median home price dropped 14 percent.

Gambrills (21054)

 

Jan. 2013

Jan. 2012

% Change

Median Sold Price

$323,500

$376,500

-14.08%

No. of Homes Sold

14

4

250.00%

Avg. Days on Market

135

48

181.25%

No. Attached Homes Sold

6

1

500.00%

No. Detached Homes Sold

8

3

166.67%

No. of Active Listings

42

42

0.00%

 

 

 

 

 

In Crofton, median home prices in January jumped 31 percent year-over-year. The number of homes actively for sale in Crofton in January dropped 45 percent from the year before, and the homes that sold were on the market an average 36 percent less time than the previous January.

Crofton (21114)

 

Jan. 2013

Jan. 2012

% Change

Median Sold Price

$287,500

$219,000

31.28%

No. of Homes Sold

18

16

12.50%

Avg. Days on Market

65

101

-35.64%

No. Attached Homes Sold

12

11

9.09%

No. Detached Homes Sold

6

5

20.00%

No. of Active Listings

41

75

-45.33%

 

Jerry Kline is a Realtor with the Odenton, Md., office of Keller Williams Flagship Realty (1216 Annapolis Rd., Odenton.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his blog (www.JerryKlineRealtor.wordpress.com) or website (www.JerryKline.kwrealty.com).

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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