Southern Maryland | Q4 2024 Market Report

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.

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

Southern Maryland Snapshot

This snapshot captures fourth-quarter performance across Southern Maryland.

$555,763,761 Total Sales Volume	1170 Total Transactions	2.3 Months of Inventory
16 Median Days on Market	$436,240 Median Sales Price	98.9% List to Sales Price Ratio

$555,763,761

Total Sales Volume

1170

Total Transactions

2.3

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.

15

Sales in Q4

$1,350,093

Average Price 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 boathouse at the end of a long wooden dock, with a rooftop deck and kayaks.

Waterfront Markets

Waterfront interest persisted selectively.

57

Sales in Q4

$767,068

Average Price 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.}

Aerial waterfront homes on a wooded peninsula with docks and a marina at sunset.

This Quarter's Top Sales

Aerial view of a brick house with a curved driveway, landscaped lawn, and wooded waterway beyond.

$1,200,000

7620 Carley Dr Port Tobacco, MD 20677

Gray single-story house with white trim, covered entry, and broad dry lawn.

$1,071,000

1304 Wohlgemuth Rd Lusby, MD 20657

Buyer Behavior

Buyers balanced timing with planning.

Town Spotlights

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

Aerial view of a wooded community beside a broad waterway, with homes and a winding road.

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.

Aerial view of waterfront homes and private docks along a calm bay at sunset.

Leonardtown

Leonardtown blends historic charm with modern growth, offering walkable amenities, cultural activity, and a strong sense of local identity.

Waterfront marina and resort with a sandy beach, rows of boats, and wooded hills.

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.

Aerial view of wooded waterfront homes along an inlet, with docks and distant water.

Looking Ahead

Momentum will depend on demand continuity.

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