Is Annapolis, MD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Annapolis is a seller's market


Difference Since January 2023

At the same time last year, Annapolis was a Buyer's Market.

Key Takeaway

Annapolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Annapolis, MD

How much do homes in Annapolis, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since January 2023


Key Takeaway

Homes in Annapolis have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Annapolis was $599,000 in January 2024, up 10.5% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $300K$314K
2 $347.5K$419.3K
3 $525K$539.6K
4 $701K$730K
5+ $905K$1.2M

Summary: Annapolis housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 32.6%.

Housing Supply in Annapolis, MD

How many homes are available in Annapolis, MD?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE

Summary: The Annapolis real estate market had 436 homes for sale in January 2024, a 4.3% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 98
2 102109
3 131137
4 122122
5+ 5460

Summary: The Annapolis housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Annapolis, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Annapolis in January 2024, up by 25.8% month-over-month. Of the 78 sold homes, 49% were sold under asking, 22% were sold at asking, and 29% were sold over asking.

Days on Market for Annapolis, MD

How long does it take to sell a home in Annapolis, MD?

Average Sale Time

Jan 2023Jan 2024CHANGE
21 Days32 Days+49.3%

Summary: Homes in Annapolis had an average of 32 days on market in Jan 2024, up by 49.3% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Annapolis are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 78 homes were sold in Annapolis; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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