The Laurel housing market is very competitive. Homes in Laurel receive 3 offers on average and sell in around 25 days. The median sale price of a home in Laurel was $400K last month, up 17.0% since last year. The median sale price per square foot in Laurel is $280, up 15.7% since last year.
In October 2024, Laurel home prices were up 17.0% compared to last year, selling for a median price of $400K. On average, homes in Laurel sell after 25 days on the market compared to 9 days last year. There were 29 homes sold in October this year, down from 33 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$400,000
+17.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Laurel, MD
$400,000
+17.0%
United States
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How hot is the Laurel housing market?
Laurel is very competitive. Homes sell in 30 days.
0
100
81
Very Competitive
Redfin Compete Score™
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 about 1% above list price and go pending in around 30 days.
Hot homes
can sell for about 3% above list price and go pending in around 10 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Laurel
Explore recent offers and recently sold homes in Laurel
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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 - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Laurel has a minor risk of flooding. 862 properties in Laurel are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Laurel. Flood risk is increasing slower than the national average.
47% of properties are at risk of wildfire over the next 30 years
Fire Factor
Laurel has a moderate risk of wildfire. There are 3,035 properties in Laurel that have some risk of being affected by wildfire over the next 30 years. This represents 47% of all properties in Laurel.
99% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Laurel has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Laurel is most at risk from hurricanes. 6,346 properties in Laurel have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.