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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurel is a 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

# BEDSJan 2022Jan 2023%
1 $170K$199.9K
+17.6%
2 $232K$255K
+9.9%
3 $339.5K$360K
+6.0%
4 $420K$470K
+11.9%
5+ $620K$510K
-17.7%

How many homes are available in Laurel, MD?

Number of Homes For Sale

Dec 2022Jan 2023%
5553-3.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 56
+20.0%
2 1716
-5.9%
3 1915
-21.1%
4 1315
+15.4%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
1410-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Jan 2023%
22 Days42 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

Breakdown of Home Sale Times

Key Takeaway

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

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

About Laurel, MD

Laurel, MD has 53 homes on the market. Between December 2022 and January 2023, Laurel, MD real estate market has seen decrease in the number of listings by 3.6%. In January 2023, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $333,000. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties prices increased by 17.6%, 2 bedrooms properties became 9.9% more expensive, prices of 3 bedrooms properties increased by 6%, the cost of 4 bedrooms properties went up by 11.9%, 5 bedrooms properties became 17.7% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 20%, volume of 2 bedrooms homes went down by 5.9%, the quantity of 3 bedrooms homes went down by 21.1%, the quantity of 4 bedrooms homes went up by 15.4%, 5 bedrooms homes did not move. In January 2023, from all listings sold in Laurel, MD there were more than 4 sold above asking price, over 3 sold below and more than 3 were sold right at the asked price.