The Laurel Lakes housing market is very competitive. The median sale price of a home in Laurel Lakes was $279K last month, up 2.2% since last year. The median sale price per square foot in Laurel Lakes is $229, down 14.9% since last year.
What is the housing market like in Laurel Lakes today?
In March 2024, Laurel Lakes home prices were up 2.2% compared to last year, selling for a median price of $279K. On average, homes in Laurel Lakes sell after 22 days on the market compared to 14 days last year. There were 12 homes sold in March this year, up from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$278,500
+2.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Laurel Lakes, MD
$278,500
+2.2%
United States
To compare other locations to the Laurel Lakes and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Laurel add value to a home.
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How hot is the Laurel Lakes housing market?
Laurel Lakes is very competitive. Homes sell in 23 days.
0
100
78
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 6 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 23 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
100.1%
+0.05 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Laurel Lakes, MD
100.1%
+0.05 pt
United States
Home offer insights for Laurel Lakes
Explore recent offers and recently sold homes in Laurel Lakes
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 Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Laurel Lakes.
Risk Factor
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Laurel Lakes has a moderate risk of flooding. 71 properties in Laurel Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Laurel Lakes. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Laurel Lakes has a minor risk of wildfire. There are 3 properties in Laurel Lakes that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Laurel Lakes.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Laurel Lakes has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Laurel Lakes is most at risk from hurricanes. 953 properties in Laurel Lakes 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 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.