The Quarter In Review
Fourth Quarter
As 2024 closed, Greater Annapolis reflected a market transitioning with poise. Sales and volume slowed, inventory tightened, and price levels edged upward—especially in move-up and luxury segments. The mid-market ($1M–$3M) stood out with strong gains, while entry- and ultra-luxury tiers steadied. Luxury homes performed well—though with slightly longer timelines—signaling both selectivity and confidence. It was a measured slowdown, not a stall—and a market preparing for what’s next with clarity and composure.
Greater Annapolis Snapshot
This snapshot reflects year-end market activity across Greater Annapolis.
$1,074,948,612 Total Sales Volume | 1,819 Total Transactions | 1.3 Months of Inventory |
|---|---|---|
10 Median Days on Market | $491,833 Median Sales Price | 100.0% List to Sales Price Ratio |
Luxury Markets
Luxury buyers remained active, particularly for standout offerings aligned with lifestyle value.
127 Sales in Q4 | $1,626,406 Average Price in Q4 | 16 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 properties moved at a deliberate pace.
70 Sales in Q4 | $1,500,530 Average Price in Q4 | 18 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.
This Quarter's Top Sales
$5,500,0001 Shipwright Harbor, Annapolis, MD 21401 | $3,900,000901 Mallard Cir, Arnold, MD 21012 | $3,700,000985 St Stephens Church Rd, Millersville, MD 21108 | $3,300,000725 Skywater Rd, Gibson Island, MD 21056 | $3,200,000550 Osprey Point Rd, Crownsville, MD 21032 | $3,148,6831061 Shore Acres Rd, Arnold, MD 21012 | $2,900,0003436 Rockway Ave, Annapolis, MD 21403 | $2,550,000115 Spa Dr, Annapolis, MD 21403 | $2,400,0003154 Arundel on the Bay Rd, Annapolis, MD 21403 | $2,250,0001311 Eva Gude Dr, Crownsville, MD 21032 |
Buyer Behavior
Buyers emphasized pricing accuracy and fit.
Town Spotlights
Within the region, certain communities stood out during the quarter based on activity and buyer interest.
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.
Arnold
Arnold supports an active, community-focused lifestyle shaped by nearby waterways, parks, and trails, paired with everyday convenience close to downtown Annapolis.
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.
Looking Ahead
Early-year activity will depend on inventory.