Q4 2023 MARKET UPDATE
Eastern Shore
Queen Anne's County | Kent County | Talbot County
the quarter in review
FOURTH QUARTER
Q4 2023 on the Eastern Shore reflected a natural seasonal deceleration, with buyer activity shaped by timing, lifestyle considerations, and long-term planning. Interest remained present for properties aligned with location and quality, while overall engagement softened as the market moved into the winter months. The quarter closed with balanced conditions influenced by patience rather than urgency.
Eastern Shore
Snapshot
This snapshot reflects year-end conditions on the Eastern Shore.
$245,800,972
TOTAL SALES VOLUME
388
TOTAL TRANSACTIONS
2.4
eoy months of inventoRy
20
median days on market
$490,800
median sales price
96.5%
list to sales price ratio
luxury markets
Luxury buyers remained lifestyle-focused.
$2,148,907
AVERAGE PRICE IN
Q4
38
SALES IN
Q4
33
AVERAGE DOM IN
Q4
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 extended timelines.
$1,564,946
AVERAGE PRICE IN
Q4
59
SALES IN
Q4
29
AVERAGE DOM IN
Q4
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
Buyer behavior emphasized patience.
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 would build with seasonal re-entry.
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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2077 Somerville Rd
suite 200
Annapolis, MD 21401