Q4 2024 MARKET UPDATE
Greater Annapolis
Anne Arundel County
the quarter in review
FOURTH QUARTER
As 2024 closed, Greater Annapolis reflected a market transitioning with poise. Sales and volume slowed, inventory tightened, and price levels edged upward—especially in move-up and luxury segments. The mid-market ($1M–$3M) stood out with strong gains, while entry- and ultra-luxury tiers steadied. Luxury homes performed well—though with slightly longer timelines—signaling both selectivity and confidence. It was a measured slowdown, not a stall—and a market preparing for what’s next with clarity and composure.
Greater Annapolis
Snapshot
This snapshot reflects year-end market activity across Greater Annapolis.
$1,074,948,612
TOTAL SALES VOLUME
1819
TOTAL TRANSACTIONS
1.3
eoy months of inventoRy
10
median days on market
$491,833
median sales price
100.0%
list to sales price ratio
luxury markets
Luxury buyers remained engaged but patient.
$1,626,406
AVERAGE PRICE IN
Q4
127
SALES IN
Q4
16
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 homes traded on longer timelines.
$1,500,530
AVERAGE PRICE IN
Q4
70
SALES IN
Q4
18
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
Buyers emphasized pricing accuracy and fit.
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
Early-year activity will depend on inventory.
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