Southern Maryland
Q1 2025
MARKET REPORT
FIRST QUARTER
MARKET REPORT
Southern Maryland entered 2025 with measured strength. Closed sales dipped about 15% to 995, while total volume edged down nearly 15% to approximately $473.3M. Homes spent a bit more time on market—median days rose to 21—as inventory climbed to 2.9 months, offering more breathing room to buyers without dampening value (12‑month median price held at $435,717, essentially flat).
This wasn’t a pause—it was a recalibration. Sellers maintained pricing stability, buyers gained clarity, and the market entered the year with balance, rather than bifurcation. The floor wasn’t dropping—it was settling into rhythm.
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%
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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
Southern Maryland
Greater Baltimore
Eastern Shore
Greater Annapolis
CLOSED UNITS
995
3977
318
1397
TOTAL
VOLUME
$473,297,380
$1,467,610,229
$205,178,786
$825,953,329
EOM INVENTORY
2.9
2.9
4.3
2.3
CURRENT INVENTORY
973
26.1%
YOY CHANGE
QTD CLOSED VOLUME
$473,297,380
0.9%
YOY CHANGE
QTD CLOSED SALES
995
-5.4%
YOY CHANGE
12-MO AVERAGE SALES PRICE
$476,085
1.4%
YOY CHANGE
Southern Maryland
AT A GLANCE
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YEAR
CLOSED SALES
CLOSED SALES VOLUME
MEDIAN DAYS ON MARKET
MEDIAN SALES PRICE
INVENTORY
.
Q4 2024
1170
$555,763,761
16
$436,240
2.3
.
Q1 2025
995
$473,297,380
21
$435,717
2.9
.
CHANGE
-15.0%
-14.8%
31.3%
-0.1%
26.1%
$1,475,000 | DRAYDEN , D
19540 Pristine Way
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
483
340
5
1
0
0
.
Q1 2025
428
304
16
1
0
0
.
CHANGE
-11.4%
-10.6%
220.0%
0.0%
0.0%
0.0%
$1,300,000 | Huntingtown, MD
2300 Carpenters Beach Rd
$1,200,000 | RIDGE, MD
49005 Harry James Rd
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
195
4
0
0
0
0
.
Q1 2025
221
3
0
0
0
0
.
CHANGE
13.3%
-25.0%
0.0%
0.0%
0%
0%
$1,450,000 | Leonardtown, MD
42297 Riverwinds Dr
$1,400,000 | LA PLATA, MD
8880 Mitchell Rd
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
16
1
0
0
0
0
.
Q1 2025
11
1
0
0
0
0
.
CHANGE
-31.3%
0.0%
0.0%
0%
0%
0%
TOP SALES
THIS QUARTER
WATERFRONT MARKET
DATA POINT
CLOSED SALES
AVERAGE SALES PRICE
MEDIAN PRICE PER SQFT
LIST TO SALE PRICE RATIO
MEDIAN DAYS ON MARKET
.
Q1 2024
30
$625,838
$343.32
99.5%
9
.
Q1 2025
32
$886,299
$357.04
97.4%
25
.
CHANGE
6.7%
41.6%
4.0%
-2.1%
188.5%
LUXURY MARKET
DATA POINT
CLOSED SALES
AVERAGE SALES PRICE
MEDIAN PRICE PER SQFT
LIST TO SALE PRICE RATIO
MEDIAN DAYS ON MARKET
.
Q1 2024
6
$1,384,120
$208.69
88.3%
23
.
Q1 2025
11
$1,246,149
$283.89
94.3%
42
.
CHANGE
83.3%
-10.0%
36.0%
6.7%
85.3%
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