Market Reports | Housecats Company

2024

LUXURY REPORT

Southern Maryland

Calvert County | Charles County | Saint Mary's County

luxury market overview

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.

Southern Maryland

SNAPSHOT

Southern Maryland encompasses a mix of growing residential communities, rural areas, and waterfront pockets, shaped by accessibility to employment centers and a desire for space and flexibility. The region attracts buyers looking for relative affordability, newer housing options, and lifestyle balance, including commuters and families prioritizing long-term practicality. Market dynamics here continue to evolve alongside regional growth patterns.

96.3%

LIST TO SALES PRICE RATIO

55

TOTAL TRANSACTIONS

$1,285,450

average sales price

17

median days on mkt

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.

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.

→ Browse All Of The Communities In The Region

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.

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Leonardtown

Leonardtown blends historic charm with modern growth, offering walkable amenities, cultural activity, and a strong sense of local identity.

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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.

→ View Market Report

Solomons

Solomons delivers a waterfront lifestyle rooted in boating, dining, and community character, appealing to residents drawn to coastal living with everyday usability.

→ View Market Report

Towns Driving Luxury Activity

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.