The median sale price of a home sold in May in Riva fell by $120,000 while total sales increased by 50 percent, according to BlockShopper.com.
In May, there were six homes sold, with a median sale price of $695,000 - a 14.7 percent decrease from the $815,000 median sale price for the same period of the previous year. There were four homes sold in Riva in May 2021.
The following table compares Riva to other Anne Arundel County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Amberly | 3 | 0 | - | $1,350,000 | $0 | - |
| Riva | 6 | 4 | 50 | $695,000 | $815,000 | -14.7 |
| Annapolis Neck | 23 | 8 | 187.5 | $625,000 | $589,875 | 6 |
| Severna Park | 41 | 26 | 57.7 | $618,000 | $538,750 | 14.7 |
| Patuxent Manor | 1 | 0 | - | $575,000 | $0 | - |
| Galesville | 1 | 0 | - | $535,000 | $0 | - |
| Mayo | 6 | 6 | 0 | $533,750 | $378,500 | 41 |
| Annapolis | 47 | 27 | 74.1 | $525,000 | $435,000 | 20.7 |
| Parole | 21 | 13 | 61.5 | $515,000 | $462,021 | 11.5 |
| Deale | 2 | 4 | -50 | $478,000 | $562,500 | -15 |
| Arden on the Severn | 3 | 1 | 200 | $472,000 | $420,000 | 12.4 |
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