Laurel, MD Home Values & Market Trends
Real estate market trends reflect that there have been 1,178 transactions over the past year in Laurel. The median value for residential home transactions that occurred over the previous year is $434,671.22. The number of current listings in Laurel is 115, and the percentage of properties for sale in the city is 115.00%. Laurel, MD currently has 44 properties in foreclosure, 6 bank owned properties, 12 properties headed for auction, and 115 properties for sale.
Laurel, MD Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 20707 | $ 389,900 $ 231/sqft | 20724 | $ 430,000 $ 259/sqft |
| 20707 | $ 389,900 $ 231/sqft | 20724 | $ 430,000 $ 259/sqft |
| 20707 | $ 389,900 $ 231/sqft | 20724 | $ 430,000 $ 259/sqft |
| 20723 | $ 529,424 $ 244/sqft | 20708 | $ 382,657 $ 195/sqft |
| 20723 | $ 529,424 $ 244/sqft | 20708 | $ 382,657 $ 195/sqft |
| 20723 | $ 529,424 $ 244/sqft | 20708 | $ 382,657 $ 195/sqft |
Housing Market Summary for Laurel, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $440K | $415.3K | -5.62% |
| Median Sold Price | $417.7K | $415.3K | -0.60% |
| Homes For Sale | 113 | 107 | -5.31% |
| Homes Sold | 631 | 605 | -4.12% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Laurel, MD
Browse Homes in Laurel, MD
Laurel home values range from $40,739 to $3,220,163. The median estimated value of a home in Laurel is $434,671.22. The median list price of a home is 399,999, and the total count of properties in the city is 29,976.
- Pre-ForeclosurePre-foreclosure homes account for 0.09% of all residential properties in Laurel, MD with 20707 containing 13 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 12 zips within Laurel, MD; of those zips, the estimated home value for pre-foreclosure homes ranges from $806,209 in 20707 to the lowest home value of $279,262 in 20723.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Laurel, MD ranges from the highest value of $467,053 in 20724 to the lowest value of $156,531 in 20707. Bank owned homes and properties account for 0.02% of properties in Laurel, MD. There are 12 zips within Laurel, MD; 20723 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions20723 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Laurel, MD. Auction homes and other auction properties account for 0.04% of all properties in Laurel, MD. There are 12 zips within Laurel, MD; of those zips, the median estimated home value for homes going to auction ranges from $813,334 in 20707 to the lowest value of $255,611 in 20707.
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Guide for Laurel, MD
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