Greater Annapolis | Q3 2024 Market Report

The Quarter In Review

Third Quarter

As summer faded, Greater Annapolis entered a phase of composed normalization. Sales and volume eased modestly, inventory slowly climbed, and prices dipped—signaling a market that was stepping back rather than stalling. Yet beneath the surface, demand remained alive in mid- and upper-tier homes, with quick turnovers and sustained interest. Luxury and waterfront segments held their own, balancing elevated pricing with earnest buyer engagement. This quarter was less about heat and more about balance—a thoughtful reset, captured here with clarity and nuance.

Waterfront homes with private docks, boats, and wooded lawns along the shore.

Greater Annapolis Snapshot

This snapshot reflects third-quarter activity across Greater Annapolis.

$1,183,628,213 Total Sales Volume	2,063 Total Transactions	1.5 Months of Inventory
7 Median Days on Market	$485,342 Median Sales Price	100.0% List to Sales Price Ratio

$1,183,628,213

Total Sales Volume

2,063

Total Transactions

1.5

Months of Inventory

7

Median Days on Market

$485,342

Median Sales Price

100.0%

List to Sales Price Ratio

Large gray house with a tiered roof, circular gravel drive, and landscaped lawn surrounded by trees.

Luxury Markets

Luxury homes transacted when well-positioned.

131

Sales in Q3

$1,619,244

Average Price in Q3

9

Average DOM in Q3

_{Luxury homes are defined as properties priced above $1M.}

_{Figures reflect QTD closed sales from the most recent quarterly reporting period.}

Waterfront Markets

Waterfront properties followed extended timelines.

70

Sales in Q3

$1,519,015

Average Price in Q3

15

Average DOM in Q3

_{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.}

This Quarter's Top Sales

Aerial view of a large home and landscaped grounds beside a wooded waterfront inlet.

$3,200,000

2826 Broadview Ter, Annapolis, MD 21401

Two-story brick house glowing at dusk, framed by mature trees and a broad lawn.

$2,300,000

9 Perder Ln, Edgewater, MD 21037

Aerial view of a wooded waterfront property with a bright blue pool and docks extending into the water.

$2,250,000

367 Broadview Ln, Annapolis, MD 21401

Aerial view of a white waterfront home with a curved driveway and water behind it.

$2,150,000

1237 Cherry Tree Ln, Annapolis, MD 21403

Wooden dock leads through a leafy waterfront yard toward a large house, with a boat lift and Adirondack chairs.

$2,050,000

108 Cresston Rd, Arnold, MD 21012

Two-story house with gray shingles, a stone facade, dark shutters, and a broad green lawn.

$1,900,000

1607 Annesley Ct, Annapolis, MD 21401

Gray multi-gabled house with a large raised deck, pergola, and glass-enclosed porch.

$1,860,000

3300 Hidden River View Rd, MD 21403

Waterfront homes with private docks and a boat on a sunny, tree-lined shore.

$1,800,000

503 Broadwater Rd, Arnold, MD 21012

Two-story brick home with red double doors, an arched entry window, and an inset view of the swimming pool.

$1,725,000

1245 Harbor Glen Ct, Arnold, MD 21012

Living room with a green fireplace, leather armchairs, and a cream sofa facing the hearth.

$1,700,000

130 Prince George St, Annapolis, MD 21401

Buyer Behavior

Buyer behavior reflected intentional engagement.

Town Spotlights

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

Aerial view of downtown Annapolis and its harbor at sunset, with boats and colorful waterfront buildings.

Annapolis

Annapolis delivers a distinctive blend of historic charm, maritime culture, and walkable urban living, attracting residents drawn to water access, dining, and cultural vibrancy.

Aerial view of waterfront homes, private docks, and boats along a tree-lined shore.

Arnold

Arnold supports an active, community-focused lifestyle shaped by nearby waterways, parks, and trails, paired with everyday convenience close to downtown Annapolis.

Aerial view of a white farmhouse with a metal roof, attached garage, and landscaped grounds.

Davidsonville

Davidsonville appeals to buyers seeking space, privacy, and a semi-rural setting, balancing estate-style living with convenient access to Annapolis and regional centers.

Waterfront homes with landscaped yards and private docks extending into the water.

Looking Ahead

Activity will depend on sustained selectivity.

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