Market Intelligence · MD / Laurel

Laurel, MD 20724 Housing Market

Homes in Laurel, MD 20724 have a typical value of $470,411, down 0.8% over the past year. The median list price stands at $522,495, with homes spending a median of 40 days on the market.

Updated August 2026Median value$467K

The median home value in Laurel, MD 20724 is $467K as of August 2026, down 0.7% 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.

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Typical 20724 range

$429K to $504K

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

-0.7% over 12 months

Typical home value in 20724 over the last 12 months: $470K in Aug 2025 to $467K in Aug 2026 (-0.7%).

Aug 2025$470K

Aug 2026$467K

The numbers

What is the 20724 housing market like?

Typical home value

$467K

Down0.7%YoY

Median list price

$522K

Down3.2%MoM

Days on market

40

Down13.0%MoM

Homes for sale

42

Down10.6%MoM

Price cuts

11.1%

Up17.2%MoM

New listings

20

Down16.7%MoM

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

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The comparison

How do 20724 home prices compare?

  • 20724$466,633
  • 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

The market has 42 homes for sale as of August 2026, with 20 new listings recently added. Homes are staying on the market for a median of 40 days, indicating moderate buyer interest. The typical home value declined 0.8% year over year, reflecting a softer pricing environment. About 11.1% of listings have seen price reductions. For sellers, this is a buyer-favorable market where pricing realistically and preparing the home well matter more than they did in recent years.

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20% · $93,327

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