Market Intelligence · MD / Laurel

Laurel, MD 20724 Housing Market

Typical home values in Laurel, MD 20724 are holding steady at $463,013, down just 0.6% over the past year. The median list price is $483,748, and homes are spending a median of 40 days on market.

Updated September 2026Median value$463K

The median home value in Laurel, MD 20724 is $463K as of September 2026, down 0.6% 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 20724 range

$426K to $500K

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

-0.6% over 12 months

Sep 2025$466K

Low $463KHigh $466K

Sep 2026$463K

The numbers

What is the 20724 housing market like?

As of September 2026

Typical home value

$463K

0.6%YoY

Median list price

$484K

7.4%MoM

Days on market

0.0%MoM

Homes for sale

11.9%MoM

Price cuts

9.5%

14.8%MoM

New listings

40.0%MoM

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

The outlook

20724 housing market forecast 2027

+0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 20724 to stay roughly flat by September 2027 (up 0.4%).

Over the 12 months through September 2026, typical home values in 20724 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 20724?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 20724 to stay roughly flat by September 2027 (up 0.4%), after a 0.6% decline over the 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 20724 home prices compare?

20724$463,013
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

September 2026 data shows 37 homes for sale in the ZIP, with 28 new listings entering the market. Median days on market sits at 40, suggesting homes are moving at a moderate pace. About 9.5% of listings have seen a price cut, which reflects some negotiation activity in the market. For sellers, the relatively small year-over-value decline suggests the market remains stable, though the days on market indicate buyers have room to be selective.

Monthly payment

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Home price

Down payment20% · $92,603

Term

Rate (%)

Common questions

What people ask us.

How much is a home in 20724 worth?

The typical home value in Laurel, MD 20724 is $463,013, down 0.6% from the prior year.

How long do homes stay on the market in Laurel?

Homes in this ZIP spend a median of 40 days on market.

What are homes listed for in 20724?

The median list price is $483,748 as of September 2026.

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Nearby ZIP markets.

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