Market Intelligence · MD / Laurel

Laurel, MD 20723 Housing Market

The typical home value in Laurel, MD 20723 is $578,114 as of September 2026, up 0.0% over the past year. The median list price is $477,243, and homes spend a median of 29 days on the market.

Updated September 2026Median value$578K

The median home value in Laurel, MD 20723 is $578K as of September 2026, little changed year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 20723 range

$532K to $624K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.0% over 12 months

Sep 2025$578K

Low $576KHigh $579K

Sep 2026$578K

The numbers

What is the 20723 housing market like?

As of September 2026

Typical home value

$578K

0.0%YoY

Median list price

$477K

12.4%MoM

Days on market

3.3%MoM

Homes for sale

8.0%MoM

Price cuts

29.1%

68.7%MoM

New listings

6.2%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

20723 housing market forecast 2027

+0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 20723 to stay roughly flat by September 2027 (up 0.3%).

Over the 12 months through September 2026, typical home values in 20723 held essentially flat, per the Zillow Home Value Index.

Will home prices drop in 20723?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 20723 to stay roughly flat by September 2027 (up 0.3%), after a flat past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 20723 home prices compare?

20723$578,114
Laurel$471,808
Maryland$444,850
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Laurel: 4 ZIPs; Maryland: 423 ZIPs; United States: 26,262 ZIPs).

Context

Home values in 20723 have been essentially flat, with the typical value at $578,114 and annual growth of 0.0% as of September 2026. There are 54 homes for sale, with 30 new listings hitting the market in September 2026. Homes are still moving at a reasonable clip, with a median of 29 days on market. At the same time, 29.1% of listings have taken a price cut, which suggests some sellers are starting above what buyers will pay. For a seller, pricing realistically from day one matters more than it did in a faster-rising market.

Monthly payment

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Home price

Down payment20% · $115,623

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Common questions

What people ask us.

How much is a home in 20723 worth?

The typical home value in Laurel, MD 20723 is $578,114 as of September 2026. Values are up 0.0% over the past year.

How fast are homes selling in 20723?

Homes in 20723 spend a median of 29 days on the market as of September 2026. There are 54 homes for sale, including 30 new listings.

Are sellers cutting prices in 20723?

Yes, 29.1% of listings in 20723 had a price cut as of September 2026. That share indicates buyers are pushing back on some asking prices.

Discover

Nearby ZIP markets.

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