Eastern Shore
Q1 2025
MARKET REPORT
FIRST QUARTER
MARKET REPORT
The Eastern Shore entered the new year with both caution and clarity. As sales and volume retreated (closed units down ~33%, volume down ~39%), inventory surged—nearly doubling—yet pricing held steady near $498K. Luxury and waterfront segments painted a nuanced picture—more listings, slower pace, but still resilience. Q1 wasn’t about acceleration; it was about recalibration—homeowners and buyers alike pausing, but with purpose.
INDICATORS
STOCK MARKET (DOW JONES)
CONSUMER CONFIDENCE
MORTGAGE RATE (US 30 YR)
UNEMPLOYMENT RATE
9/30/24
$42,330.15
98.7
6.23%
4.1%
3/31/24
$39,807.37
104.7
6.79%
3.8%
3/31/25
$42,001.76
92.9
6.75%
4.2%
.png)
DATES
3/31/25
9/30/24
3/31/24
GDP
- 0.5%
3.1%
1.3%
Economic Factors
Impact On The Market
The opening quarter of 2025 carried the imprint of national contraction—GDP fell 0.5% and consumer sentiment slipped—but Maryland’s housing markets responded with balance. Sales and volume declined from late 2024 levels, yet median pricing held steady across most regions. Inventory expanded, giving buyers more choice, while days on market lengthened modestly. Luxury homes still commanded strong list-to-sale ratios and quick turnarounds, showing resilience at the top. For many, Q1 felt like a recalibration: fewer deals, but a steadier rhythm, with value preserved even as pace slowed.
For Sellers:
Pricing held, especially in mid-to-luxury homes.
Expanded inventory meant presentation was key to standing out.
Luxury properties still benefited from strong buyer demand.
For Buyers:
More inventory offered better selection and negotiating windows.
Slower pace provided room to be thoughtful in offers.
Opportunities remained strong in the $1M–$3M tier and selective waterfronts.
year over year
Trends For The Quarter
REGIONS
Eastern Shore
Greater Baltimore
Greater Annapolis
Southern Maryland
CLOSED UNITS
318
3977
1397
995
TOTAL
VOLUME
$205,178,786
$1,467,610,229
$825,953,329
$473,297,380
EOM INVENTORY
4.3
2.9
2.3
2.9
CURRENT INVENTORY
510
YOY CHANGE
QTD CLOSED VOLUME
$205,178,786
4.6%
YOY CHANGE
QTD CLOSED SALES
318
-2.5%
YOY CHANGE
12-MO AVERAGE SALES PRICE
$502,000
6.8%
YOY CHANGE
Eastern Shore
AT A GLANCE
.png)
YEAR
CLOSED SALES
CLOSED SALES VOLUME
MEDIAN DAYS ON MARKET
MEDIAN SALES PRICE
INVENTORY
.
Q4 2024
472
$335,159,041
19
$501,763
2.9
.
Q1 2025
318
$205,178,786
30
$498,410
4.3
.
CHANGE
-32.6%
-38.8%
66.7%
-3.4%
89.7%
$3,400,000 | Easton, MD
8573 Marengo Farm Rd
SINGLE FAMILY HOME SALES & INVENTORY BY RANGE
PRICE POINT
UNDER $500,000
$500,000-$999,999
$1,000,000-$1,499,999
$1,500,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000+
.
Q1 2024
138
95
12
6
4
5
.
Q1 2025
132
102
17
2
7
7
.
CHANGE
7.4%
41.7%
-66.7%
75.0%
40.0%
-79.4%
$2,700,000 | Queenstown, MD
3214 Bennett Point Rd
$5,000,000 | Stevensville, MD
101 Cove Creek Ct
TOWNHOME SALES & INVENTORY BY RANGE
PRICE POINT
UNDER $500,000
$500,000-$999,999
$1,000,000-$1,499,999
$1,500,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000+
.
Q1 2024
38
7
1
0
0
0
.
Q1 2025
20
12
1
0
0
0
.
CHANGE
-47.4%
71.4%
0.0%
0.0%
0.0%
0.0%
$3,300,000 | Oxford, MD
28080 Brick Row Dr
$3,000,000 | Oxford, MD
101 East St
CONDO SALES & INVENTORY BY RANGE
PRICE POINT
UNDER $500,000
$500,000-$999,999
$1,000,000-$1,499,999
$1,500,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000+
.
Q1 2024
6
11
0
0
0
0
.
Q1 2025
3
8
0
0
0
0
.
CHANGE
-50.0%
-27.3%
0.0%
0.0%
0.0%
0.0%
WATERFRONT MARKET
DATA POINT
CLOSED SALES
AVERAGE SALES PRICE
MEDIAN PRICE PER SQFT
LIST TO SALE PRICE RATIO
MEDIAN DAYS ON MARKET
.
Q1 2024
43
$1,648,881
$443.93
94.8%
17
.
Q1 2025
51
$1,379,257
$392.25
93.5%
35
.
CHANGE
18.6%
-16.4%
-11.6%
-1.4%
103.8%
.jpg)
LUXURY MARKET
DATA POINT
CLOSED SALES
AVERAGE SALES PRICE
MEDIAN PRICE PER SQFT
LIST TO SALE PRICE RATIO
MEDIAN DAYS ON MARKET
.
Q1 2024
28
$2,160,826
$520.62
94.8%
20
.
Q1 2025
34
$1,966,767
$504.25
86.5%
86
.
CHANGE
21.4%
-9.0%
-3.1%
-8.7%
335.6%
READY WHEN YOU ARE
You don’t have to do life like everyone else
If you’re craving content that feels like a deep breath, a brand that mirrors your evolution, or a space that honors both your ambition and your rest… you’ve found your corner of the internet. Stay awhile. Explore. And if it speaks to you, let’s build something beautiful together.
