Q4 2024 MARKET UPDATE
Southern Maryland
Calvert County | Charles County | Saint Mary's County
the quarter in review
FOURTH QUARTER
As 2024 concluded, Southern Maryland revealed a quietly resilient housing market. After a modest dip mid-year, sales volumes recovered, while pricing edged upward and inventory softened slightly—resetting into a more stable and responsive groove. Homes continued to move steadily, signaling that supply remained balanced enough to sustain momentum. It wasn’t a market in rush—it was in rhythm, ready for what’s ahead.
Southern Maryland
Snapshot
This snapshot captures fourth-quarter performance across Southern Maryland.
$555,763,761
TOTAL SALES VOLUME
1170
TOTAL TRANSACTIONS
2.3
eoy months of inventoRy
16
median days on market
$436,240
median sales price
98.9%
list to sales price ratio
luxury markets
Luxury demand remained practical and steady.
$1,350,093
AVERAGE PRICE IN
Q4
15
SALES IN
Q4
19
AVERAGE DOM IN
Q4
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 persisted selectively.
$767,068
AVERAGE PRICE IN
Q4
57
SALES IN
Q4
30
AVERAGE DOM IN
Q4
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 balanced timing with planning.
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
Momentum will depend on demand continuity.
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