Q2 2024 MARKET UPDATE
Southern Maryland
Calvert County | Charles County | Saint Mary's County
the quarter in review
SECOND QUARTER
Southern Maryland sprang into Q2 2024 with renewed energy. Closed sales jumped nearly 36%, volume surged around 45%, and homes flew off the market in just 8 days. Median pricing climbed to $438,488 as inventory tightened to under two months. It wasn’t a market warmed by momentum—it was a market recalibrated through clarity. Buyers leaned in. Sellers held strong. And the region’s rhythm moved with purpose.
Southern Maryland
Snapshot
This snapshot captures spring-quarter activity across Southern Maryland.
$678,287,594
TOTAL SALES VOLUME
1428
TOTAL TRANSACTIONS
1.9
eoy months of inventoRy
8
median days on market
$438,488
median sales price
95.8%
list to sales price ratio
luxury markets
Luxury demand remained steady.
$1,226,117
AVERAGE PRICE IN
Q2
24
SALES IN
Q2
11
AVERAGE DOM IN
Q2
Luxury homes are defined as properties priced above $1M.
Figures reflect QTD closed sales from the most recent quarterly reporting period.
waterfront markets
Waterfront interest followed seasonal patterns.
$706,745
AVERAGE PRICE IN
Q2
65
SALES IN
Q2
7
AVERAGE DOM IN
Q2
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 acted with practical intent.
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.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest
Looking Ahead
Conditions will reflect seasonal demand.
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