Market Intelligence · MD / Laurel

Laurel, MD 20723 Housing Market

A typical home in Laurel, Maryland 20723 is valued at $591,421, down 0.6% over the past year. The median list price stands at $544,500, with homes spending a median of 30 days on market.

Updated August 2026Median value$585K

The median home value in Laurel, MD 20723 is $585K as of August 2026, down 0.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

Get a cash offer

Sell without the wait

Sell your Laurel home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 20723 range

$538K to $632K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 20723 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Laurel, MD.

12-month value trend

-0.2% over 12 months

Typical home value in 20723 over the last 12 months: $586K in Aug 2025 to $585K in Aug 2026 (-0.2%).

Aug 2025$586K

Aug 2026$585K

The numbers

What is the 20723 housing market like?

Typical home value

$585K

Down0.2%YoY

Median list price

$545K

Up0.4%MoM

Days on market

30

Flat0.0%MoM

Homes for sale

50

Down7.4%MoM

Price cuts

17.2%

Down18.1%MoM

New listings

32

Flat0.0%MoM

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

Free home value report

See what your 20723 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 20723 home prices compare?

  • 20723$584,913
  • Laurel$475,431
  • Maryland$448,067
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Laurel: 4 ZIPs; Maryland: 423 ZIPs; United States: 26,265 ZIPs).

Context

There are 50 homes currently for sale in 20723, with 32 new listings as of August 2026. About 17.2% of active listings have received a price cut, reflecting modest downward pressure. The median time on market of 30 days suggests reasonable buyer interest, though the year-over-year value decline indicates a softer market than the prior period. Sellers should expect to price competitively and be prepared for a gradual sales process.

Monthly payment

Estimate your monthly payment.

20% · $116,983

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.