Q3 2024 MARKET UPDATE
Eastern Shore
Queen Anne's County | Kent County | Talbot County
the quarter in review
THIRD QUARTER
With Q3 2024 behind us, the Eastern Shore market clearly signaled a rebalancing act. Buyer enthusiasm softened slightly—sales and volume dipped, inventory edged higher, and median prices eased. Yet, rising GDP and lower borrowing rates provided economic lift. The waterfront segment told its own story: values climbed, yet listings lingered longer, suggesting a recalibrated pace at the upper end. This quarter wasn’t a pullback—it was a thoughtful reset, a chance for the market to exhale and align with broader economic rhythms.
Eastern Shore
Snapshot
This snapshot reflects late-summer activity on the Eastern Shore.
$286,604,768
TOTAL SALES VOLUME
460
TOTAL TRANSACTIONS
3.2
eoy months of inventoRy
15
median days on market
$492,000
median sales price
94.0%
list to sales price ratio
luxury markets
Luxury buyers remained selective.
$2,064,957
AVERAGE PRICE IN
Q3
43
SALES IN
Q3
23
AVERAGE DOM IN
Q3
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
waterfront markets
Waterfront interest followed a measured pace.
$1,536,586
AVERAGE PRICE IN
Q3
62
SALES IN
Q3
30
AVERAGE DOM IN
Q3
Waterfront homes are defined as properties with direct water access from the property.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
Top Sales
THIS QUARTER
Buyer Behavior
A closer look at how buyers are navigating today’s market
Buyers evaluated opportunities with timing in mind.
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.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Activity will depend on continued lifestyle demand.
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.
.png)
2077 Somerville Rd
suite 200
Annapolis, MD 21401