Is Laurel, MD 20723 a buyer’s or seller’s market?

The Laurel housing market right now

In the three months ending August 31, 2026, 47% of homes in Laurel, MD 20723 sold above their list price, the typical home went under contract in 29 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 91 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold more slowly (23 days then) and the median sale price rose 5% to $682,155. Overall, Laurel is about as competitive as it was a year ago.

Within Howard County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Laurel ranks #26 of 241 MD ZIP codes with enough sales (score 82 out of 100).

Nearby, buyers who want less competition could look at Dayton 21036 (10% sold over asking) or Savage 20763 (25% sold over asking), while Woodbine 21797 (63% sold over asking) and Glenwood 21738 (60% sold over asking) are even more competitive.