Q3 2024 MARKET UPDATE
Greater Annapolis
Anne Arundel County
the quarter in review
THIRD QUARTER
As summer faded, Greater Annapolis entered a phase of composed normalization. Sales and volume eased modestly, inventory slowly climbed, and prices dipped—signaling a market that was stepping back rather than stalling. Yet beneath the surface, demand remained alive in mid- and upper-tier homes, with quick turnovers and sustained interest. Luxury and waterfront segments held their own, balancing elevated pricing with earnest buyer engagement. This quarter was less about heat and more about balance—a thoughtful reset, captured here with clarity and nuance.
Greater Annapolis
Snapshot
This snapshot reflects third-quarter activity across Greater Annapolis.
$1,183,628,213
TOTAL SALES VOLUME
2063
TOTAL TRANSACTIONS
1.5
eoy months of inventoRy
7
median days on market
$485,342
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury homes transacted when well-positioned.
$1,619,244
AVERAGE PRICE IN
Q3
131
SALES IN
Q3
9
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 properties followed extended timelines.
$1,519,015
AVERAGE PRICE IN
Q3
70
SALES IN
Q3
15
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
Buyer behavior reflected intentional engagement.
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.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Activity will depend on sustained selectivity.
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