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