Is Laurel, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Laurel has remained a Seller's Market.
Key Takeaway
Laurel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Laurel, MD cost?
Median Sold Price
$333,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$28,500(+9.4%)
Key Takeaway
Homes in Laurel have sold for 9.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $170K | $199.9K | +17.6% |
| 2 Bedrooms | $232K | $255K | +9.9% |
| 3 Bedrooms | $339.5K | $360K | +6.0% |
| 4 Bedrooms | $420K | $470K | +11.9% |
| 5+ Bedrooms | $620K | $510K | -17.7% |
How many homes are available in Laurel, MD?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 55 | 53 | -3.6% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 22 Days | 42 Days | +87.1% |
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel are selling fast, if you're buying plan to act quickly.
