Laurel, MD Housing Market
The Laurel housing market is very competitive. Homes in Laurel receive 4 offers on average and sell in around 28 days. The median sale price of a home in Laurel was $416K last month, up 2.3% since last year. The median sale price per square foot in Laurel is $239, up 6.0% since last year.
Laurel Housing Market Trends
In April 2024, Laurel home prices were up 2.3% compared to last year, selling for a median price of $416K. On average, homes in Laurel sell after 28 days on the market compared to 23 days last year. There were 28 homes sold in April this year, down from 32 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Laurel housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 21 days.
- Hot homescan sell for about 2% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 25 days.
- Hot homescan sell for about 4% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 8 days.
- Hot homescan sell for about 4% above list price and go pending in around 2 days.
Laurel Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Laurel from outside metros.
- New York homebuyers searched to move into Laurel more than any other metro followed by Hartford and Atlanta.
- 82% of Laurel homebuyers searched to stay within the Laurel metropolitan area.
- Salisbury was the most popular destination among Laurel homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
View houses in Laurel that sold recently
Recently sold homes
- $565,000 Last Sold Price4 beds4 baths2,420 sq ft8607 Stone Hill Ln, Laurel, MD 20724(410) 730-8888List Price$555,000Sale to List2% over listDays on Market25 days8607 Stone Hill Ln, Laurel, MD 20724
- $439,900 Last Sold Price4 beds2 baths2,016 sq ft3371 Horsehead S, Laurel, MD 20724(301) 388-2600List Price$439,900Sale to List0% over listDays on Market55 days3371 Horsehead S, Laurel, MD 20724
- $665,000 Last Sold Price3 beds2.5 baths3,061 sq ft10620 Hesperian Dr, Laurel, MD 20723(703) 815-5700List Price$665,000Sale to List0% over listDays on Market34 days10620 Hesperian Dr, Laurel, MD 20723
- $423,000 Last Sold Price4 beds3.5 baths1,280 sq ft14444 Bonnett Ln, Laurel, MD 20707(301) 439-9500List Price$439,900Sale to List4% under listDays on Market62 days14444 Bonnett Ln, Laurel, MD 20707
- $505,000 Last Sold Price3 beds3.5 baths1,720 sq ft3326 Pitch Pine Dr, Laurel, MD 20724(410) 705-6296List Price$505,000Sale to List0% over listDays on Market61 days3326 Pitch Pine Dr, Laurel, MD 20724
- $623,064 Last Sold Price3 beds3 baths2,378 sq ft3508 Tidal Marsh Way, Laurel, MD 20724(410) 525-5435List Price$623,064Sale to List0% over listDays on Market72 days3508 Tidal Marsh Way, Laurel, MD 20724
- $305,000 Last Sold Price3 beds2.5 baths1,907 sq ft14829 Belle Ami Dr #86, Laurel, MD 20707(410) 312-0000List Price$284,900Sale to List7% over listDays on Market26 days14829 Belle Ami Dr #86, Laurel, MD 20707
- $835,000 Last Sold Price4 beds3 baths3,416 sq ft10617 Sourwood Ct, Laurel, MD 20723(443) 746-2090List Price$765,000Sale to List9% over listDays on Market16 days10617 Sourwood Ct, Laurel, MD 20723
See all recently sold homes in Laurel.
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Schools in Laurel
- Elementary
- Middle
- High
GreatSchools Rating
4/10 Laurel Elementary School Public • PreK-5 | 570 Students | 6 reviews |
2/10 Scotchtown Hills Elementary School Public • PreK-6 | 619 Students | 9 reviews |
2/10 Oaklands Elementary School Public • PreK-5 | 358 Students | 12 reviews |
Climate's impact on Laurel housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Laurel.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Severe
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Transportation in Laurel
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