Laurel Real Estate

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Laurel, Maryland
Average Home Sizes and Asking Prices

Updated On: January 29, 2012
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
20707 1,000 sf $332,000 700 sf $243,000 69 1,000 sf $181,000 600 sf $107,000 77
20708 900 sf $296,000 200 sf $208,000 26 800 sf $120,000 1,000 sf $141,000 21
20723 1,400 sf $502,000 600 sf $345,000 49 1,100 sf $259,000 1,100 sf $159,000 45
20724 2,600 sf $391,000 4 800 sf $256,000 900 sf $204,000 22


20707 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  6   $285k
 1 Year Ago  30   $260k
 6 Months Ago   28   $249k
 1 Month Ago  33   $230k
 Today  22   $243k
*Averaged for 3 bedroom active listings



20708 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  9   $298k
 1 Year Ago  40   $260k
 6 Months Ago   32   $249k
 1 Month Ago  41   $232k
 Today  27   $237k
*Averaged for 3 bedroom active listings



20723 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  11   $306k
 1 Year Ago  49   $277k
 6 Months Ago   42   $273k
 1 Month Ago  58   $258k
 Today  39   $270k
*Averaged for 3 bedroom active listings



20724 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  13   $294k
 1 Year Ago  54   $265k
 6 Months Ago   51   $263k
 1 Month Ago  68   $250k
 Today  40   $269k
*Averaged for 3 bedroom active listings



Change and Trend of Asking Price in 20707 Check Also 


Sold Price History in 20707
Demographics & Schools Mortgage Calculator Area Map

Laurel Real Estate & Homes for Sale in Maryland

The suburban community of Laurel is located in Prince George’s County less than 20 miles from Washington, D.C. Laurel is home to over 22,000 residents and runs alongside the Patuxent River with a land area of approximately 3.8 square miles. Close proximity to various interstate highways such as the I-95 gives residents easy access to neighboring communities.

Though Laurel was originally developed as a mill town with early products such as woolen hats and blankets, the community now harbors a largely diverse economy. Some industries within the community providing employment include: educational, health and social services, professional, scientific, management, administrative, retail trade and public administration.

Residents who wish to enroll their children in school will find K-12 accommodations through the Prince George’s County Public School District. Private schools are also available within the community. Those in pursuit of a higher education will find four college campuses in Laurel and a multitude of other college and university campuses nearby.

Recreational amenities within Laurel are plentiful with activities for everyone. A number of municipal parks are dispersed throughout the community and are available for fun, family-filled outings. The Montpelier Mansion and Laurel Museum also invite visitors year round. The annual Riverfest is also a Laurel event held in October.

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Price Range of Laurel Houses


Laurel’s real estate market is diverse with the number of townhouse and condominium properties closely mirroring the number of single-family detached homes available. A standard 3 bedroom Laurel home with 2 bathrooms can be purchased for a little over $110,000. Slightly bigger 4 bedroom homes in Laurel with 3 bathrooms are priced just under $300,000. Larger estate properties with more than 5 bedrooms start from about $400,000 and go up to about $700,000. A typical 3 bedroom townhouse in Laurel or Laurel, MD condominium with 1.5 baths can be purchased for just under $170,000. Also available for those who wish to custom build, are a handful of land properties. Empty lots of land of about an acre and a quarter can be purchased for about $325,000 while a little over 9 acres can be acquired for roughly $500,000.


Laurel MD Real Estate for the week of January 23rd, 2012: homes priced around $243,114 compared to $236,543 the previous week, showing a increase of more than +3%.  For Saturday, January 28th, the current national mortgage rate for a 30 year fixed mortgage is 3.89%; the 15 year fixed rate is at 3.22%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.43%, while the 15 year jumbo rate currently is at 3.69%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Laurel MD. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures in Laurel, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes in Laurel, Laurel neighborhood information, crime stats, home values, and schools in Laurel to help you find the best home!


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