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2024 ANNUAL MARKET REPORT
Eastern Shore
Queen Anne's County | Kent County | Talbot County
The Forward
The Eastern Shore housing market in 2024 was defined by intentional participation and measured pacing, as buyers adjusted expectations following the heightened activity of prior years. Demand remained present across much of the region, but transactions increasingly reflected patience and selectivity, particularly for higher-priced and lifestyle-oriented properties.
Throughout the year, buyers placed greater emphasis on quality, setting, and long-term ownership considerations rather than speed. While activity varied by community and season, pricing generally held firm, reinforcing the Shore’s position as a market shaped more by lifestyle alignment and scarcity than by short-term market momentum.
Eastern Shore
SNAPSHOT
A high-level view of market activity across the region, highlighting pricing behavior, transaction pace, and demand dynamics over the most recent year.
$2,351,153,448
TOTAL SALES VOLUME
5,005
TOTAL TRANSACTIONS
$434,378
MEDIAN sales price
13
median days on mkt
market composition
Market composition on the Eastern Shore in 2024 reflected balanced participation across segments, with demand influenced by a mix of primary residences and second-home ownership. Activity was shaped less by broad market swings and more by how individual properties aligned with buyer priorities related to location, privacy, and usability.
Rather than sharp concentration in any single tier, the year was characterized by thoughtful engagement, with buyers responding selectively to inventory that offered clear lifestyle value. This distribution underscored the Shore’s tendency to operate on its own cadence, distinct from more densely populated or commuter-driven markets.
luxury markets
Luxury activity on the Eastern Shore in 2024 remained closely tied to long-term ownership goals and lifestyle intent. High-end buyers approached the market with patience, often prioritizing setting, uniqueness, and quality over transactional speed.
While luxury transactions typically required longer timelines, interest remained steady for properties that delivered a strong sense of place. This behavior reinforced the Shore’s identity as a destination market, where luxury is defined by experience and environment as much as price.
200
SALES IN
2024
$2,091,042
AVERAGE PRICE IN
2024
21
AVERAGE DOM IN
2024
Luxury homes are defined as properties priced above $1M.
Figures reflect full-year closed sales from the most recent annual reporting period.
waterfront markets
Waterfront properties continued to represent a defining segment of the Eastern Shore market in 2024. Buyer interest remained focused on location, access, and long-term enjoyment, with transactions reflecting thoughtful evaluation rather than urgency.
Market activity highlighted the importance of realistic positioning and alignment with buyer expectations, particularly for unique waterfront offerings. Despite longer timelines in some cases, the waterfront segment maintained its appeal, supported by limited inventory and enduring lifestyle demand.
271
SALES IN
2024
$1,633,816
AVERAGE PRICE IN
2024
21
AVERAGE DOM IN
2024
Waterfront homes are defined as properties with direct water access from the property.
Figures reflect full-year closed sales from the most recent annual reporting period.
TOP SALES
THIS YEAR
buyer behavior
A closer look at how buyers are navigating today’s market
Buyer behavior across the Eastern Shore in 2024 reflected a measured and intentional approach. Purchasers often took additional time to evaluate options, prioritizing quality, privacy, and fit over rapid execution. This dynamic contributed to a market environment where well-aligned properties continued to transact, while others required patience and strategic positioning.
Chestertown
Chestertown blends historic charm with a relaxed pace of life, attracting residents drawn to community, heritage, and a quieter Eastern Shore setting.
Easton
Easton offers a refined small-town lifestyle with a vibrant arts scene, dining, and everyday convenience, appealing to buyers seeking charm without isolation.
Oxford
Oxford delivers a quiet, traditional waterfront lifestyle centered on boating, privacy, and historic architecture, appealing to buyers seeking understated coastal living.
St. Michaels
St. Michaels is a quintessential waterfront town known for maritime charm, tourism, and long-term lifestyle appeal, attracting both primary and second-home buyers.
Stevensville
Accessible Eastern Shore living with water influence.
TOWNS & COMMUNITIES
Town-level market activity across the Eastern Shore reflected differences in lifestyle appeal, seasonality, and buyer intent. Individual communities responded uniquely throughout the year, reinforcing the importance of local context within the broader regional market.
LOOKING AHEAD
As the Eastern Shore moves forward, market conditions will continue to be shaped by lifestyle demand, seasonal patterns, and limited inventory. Buyer engagement is likely to remain intentional, with outcomes influenced by how well individual properties align with long-term ownership goals. Understanding local dynamics alongside regional trends will remain essential for navigating opportunities ahead.
More Than Real Estate.
It’s How You Live Here.
Buying or selling a home is just the start.
What matters is understanding the place around it — the market, the lifestyle, the culture, the communities, and the forces shaping what comes next.
That’s what we do.
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Annapolis, MD 21401