Market Reports | Housecats Company

2024

LUXURY REPORT

Greater Annapolis

Anne Arundel County

luxury market overview

The luxury segment in Greater Annapolis remained a pillar of market stability throughout 2024. High-end buyers continued to transact, though timelines often reflected careful consideration and disciplined decision-making rather than urgency.

Luxury activity was supported by the region’s enduring appeal, particularly for properties offering waterfront access, privacy, and long-term value. While buyers remained selective, the segment demonstrated resilience, reinforcing Greater Annapolis’ position as a destination for premium residential demand.

Greater Annapolis

SNAPSHOT

Greater Annapolis is defined by its relationship to the water, its historic core, and a lifestyle that blends tradition with modern convenience. The region attracts a broad mix of buyers, from professionals and families seeking established neighborhoods to second-home and luxury buyers drawn to waterfront living and proximity to Washington, D.C. Demand here is often shaped as much by lifestyle and long-term value as by short-term market conditions.

98.2%

LIST TO SALES PRICE RATIO

523

TOTAL TRANSACTIONS

$1,643,170

average sales price

13

median days on mkt

TOP SALES

THIS YEAR

buyer behavior

A closer look at how buyers are navigating today’s market

Buyer behavior across Greater Annapolis in 2024 reflected a thoughtful and measured approach. Increased sensitivity to pricing and condition guided decision-making, while well-positioned homes continued to transact despite broader market adjustments. This dynamic contributed to a market environment where intention outweighed urgency.

market composition

Market activity in Greater Annapolis during 2024 was concentrated rather than evenly distributed, with demand favoring specific price points and property types. Buyers engaged most actively where inventory remained constrained and lifestyle appeal was strongest, while other segments experienced a more measured pace.

This composition underscored a market increasingly defined by alignment between offering and expectation. Rather than broad-based competition, outcomes were shaped by how effectively individual properties met buyer priorities, reinforcing the importance of strategic pricing and presentation.

→ Browse All Of The Communities In The Region

Annapolis

Annapolis delivers a distinctive blend of historic charm, maritime culture, and walkable urban living, attracting residents drawn to water access, dining, and cultural vibrancy.

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Arnold

Arnold supports an active, community-focused lifestyle shaped by nearby waterways, parks, and trails, paired with everyday convenience close to downtown Annapolis.

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Davidsonville

Davidsonville appeals to buyers seeking space, privacy, and a semi-rural setting, balancing estate-style living with convenient access to Annapolis and regional centers.

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Edgewater

Edgewater combines small-town familiarity with waterfront influence, drawing buyers who enjoy marina access, local dining, and proximity to Annapolis without a city pace.

→ View Market Report

Severna Park

Severna Park is known for its established neighborhoods, strong community identity, and access to multiple waterways, appealing to buyers seeking long-term stability and lifestyle balance.

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Towns Driving Luxury Activity

Town-level activity across Greater Annapolis reflected meaningful differences driven by location, housing mix, and proximity to the water. These local distinctions played an important role in shaping outcomes throughout the year, underscoring the value of community-specific context within the broader regional market.

LOOKING AHEAD

As Greater Annapolis moved toward the next market cycle, conditions remained anchored by limited inventory, sustained lifestyle demand, and buyer selectivity. Understanding how local dynamics intersect with broader trends will continue to be central to navigating opportunities in the region.