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.

Southern Maryland Snapshot

This snapshot captures fourth-quarter performance across Southern Maryland.

Luxury Markets

Luxury demand remained practical and steady.

_{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.

_{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

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.

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.

Looking Ahead

Momentum will depend on demand continuity.

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