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2024 ANNUAL MARKET REPORT
Southern Maryland
Calvert County | Charles County | Saint Mary's County
The Forward
Southern Maryland’s housing market in 2024 reflected steady participation and gradual adjustment, as buyers balanced affordability, accessibility, and long-term practicality. Activity remained consistent across much of the region, supported by ongoing residential growth and demand for space within commuting distance of employment centers.
Rather than sharp shifts, the year was characterized by continuity. Buyers engaged thoughtfully, prioritizing usability and location, while sellers benefited from sustained interest across a range of housing types. Overall, 2024 reinforced Southern Maryland’s role as a functional, evolving residential market.
Southern Maryland
SNAPSHOT
A high-level view of market activity across the region, highlighting pricing behavior, transaction pace, and demand dynamics over the most recent year.
$2,351,153,448
TOTAL SALES VOLUME
5,005
TOTAL TRANSACTIONS
$434,378
MEDIAN sales price
13
median days on mkt
market composition
Market composition in Southern Maryland during 2024 reflected balanced engagement across price ranges, shaped by practical buyer motivations and varied housing stock. Activity was not concentrated in a single segment, but rather distributed as buyers evaluated options based on space, accessibility, and long-term fit.
This even distribution contributed to a market environment defined by steady absorption rather than rapid swings. Outcomes were influenced by how well properties aligned with everyday needs, reinforcing the region’s reputation for functional demand rather than speculative movement.
luxury markets
The luxury segment in Southern Maryland during 2024 continued to develop alongside broader residential growth. High-end buyers remained active, particularly for properties offering space, newer construction, or location advantages, though transactions often reflected careful consideration and realistic expectations.
Luxury activity here was shaped more by practicality than prestige, underscoring a segment defined by usability and long-term value. This pattern highlighted Southern Maryland’s evolving luxury profile within the broader regional context.
55
SALES IN
2024
$1,285,450
AVERAGE PRICE IN
2024
17
AVERAGE DOM IN
2024
Luxury homes are defined as properties priced above $1M.
Figures reflect full-year closed sales from the most recent annual reporting period.
waterfront markets
Waterfront properties in Southern Maryland remained an appealing but selective segment in 2024. Buyer interest focused on accessibility, setting, and long-term enjoyment, with transactions often requiring additional evaluation and patience.
While timelines varied, waterfront demand persisted for properties that balanced lifestyle appeal with everyday functionality. The segment’s performance reflected steady engagement rather than urgency, consistent with the region’s broader market character.
207
SALES IN
2024
$706,388
AVERAGE PRICE IN
2024
16
AVERAGE DOM IN
2024
Waterfront homes are defined as properties with direct water access from the property.
Figures reflect full-year closed sales from the most recent annual reporting period.
TOP SALES
THIS YEAR
buyer behavior
A closer look at how buyers are navigating today’s market
Buyer behavior across Southern Maryland in 2024 reflected a practical and measured approach. Purchasers emphasized long-term usability, location, and affordability, engaging steadily without the pressure-driven dynamics seen in other cycles. This mindset contributed to consistent market participation throughout the year.
Chesapeake Beach
Chesapeake Beach offers a coastal town atmosphere centered on bay access, walkability, and recreational amenities, appealing to buyers seeking a relaxed waterfront setting within commuting distance.
Leonardtown
Leonardtown blends historic charm with modern growth, offering walkable amenities, cultural activity, and a strong sense of local identity.
North Beach
North Beach is a small, bayfront community known for its boardwalk, local events, and close-knit feel, attracting buyers who value water access and a slower, community-oriented pace.
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Solomons
Solomons delivers a waterfront lifestyle rooted in boating, dining, and community character, appealing to residents drawn to coastal living with everyday usability.
TOWNS & COMMUNITIES
Town-level activity across Southern Maryland varied based on growth patterns, housing mix, and proximity to employment centers. These local distinctions influenced outcomes throughout the year, underscoring the importance of place-specific context within the region.
LOOKING AHEAD
As Southern Maryland looked toward the next market phase, conditions remained shaped by growth, accessibility, and practical buyer priorities. Understanding how these factors continue to influence local communities will remain 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.
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2077 Somerville Rd
Annapolis, MD 21401