Housecats Signals Market Reports

Eastern Shore | Q4 2024 Market Report

Sales ticked up, volume pushed forward, and pricing resumed its climb.

The Quarter in Review

Fourth Quarter

As the year closed, the Eastern Shore entered a dynamic rhythm. Sales ticked up, volume pushed forward, and pricing resumed its climb. Waterfront and luxury sectors saw remarkable uptake—even as days on market shortened—while high-demand price bands ($500K to $1.5M+) saw the biggest gains. Inventory eased nearly 10%, inviting renewed urgency. In short, it wasn’t a sprint—it was a stride: calculated, confident, and forward-focused.

Eastern Shore Snapshot

This snapshot reflects year-end conditions on the Eastern Shore.

$335,159,041

Total Sales Volume

472

Total Transactions

2.9

Months of Inventory

19

Median Days on Market

$501,763

Median Sales Price

97.8%

List to Sales Price Ratio

Luxury Markets

Luxury buyers remained engaged, though transactions reflected patience and selective decision-making.

68

Sales in Q4

$2,093,806

Average Price in Q4

31

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 activity reflected patience.

83

Sales in Q4

$1,756,348

Average Price in Q4

23

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.

Buyer Behavior

Buyer behavior emphasized long-term fit.

Town Spotlights

Within the region, certain communities stood out during the quarter based on activity and buyer interest

Chestertown

Chestertown blends historic charm with a relaxed pace of life, attracting residents drawn to community, heritage, and a quieter Eastern Shore setting.

Easton

Easton offers a refined small-town lifestyle with a vibrant arts scene, dining, and everyday convenience, appealing to buyers seeking charm without isolation.

Oxford

Oxford delivers a quiet, traditional waterfront lifestyle centered on boating, privacy, and historic architecture, appealing to buyers seeking understated coastal living.

Looking Ahead

Market direction will reflect seasonal re-entry.

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