Market Snapshot
- Median listing price
- $515K
- Median rent
- $2,850/mo
- Days on market
- 329 days
- Gross rental yield
- 6.64%
The median listing price in Laurel, MD ZIP 20723 is $515,000 as of July 2026.
The median market rent in Laurel, MD ZIP 20723 is $2,850/month as of July 2026.
The median days on market in Laurel, MD ZIP 20723 is 329 days as of July 2026. The market is currently hot.
At a median list price of $515,000 and a median rent of $2,850/month, the gross rental yield in Laurel, MD ZIP 20723 is 6.64% as of July 2026.
Laurel, MD 20723 Real Estate Market Report
ZIP Code: 20723
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Laurel, MD are 6.49%, which is 0.4% higher than the 6.09% average observed during the February 2026 market low.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- With a median sold price of $547,000, recent transactions indicate the neighborhood’s transaction-level value is stable, and this should be treated as the primary market signal when reconciling asking prices with closed sales.
- With a median sold price of $547,000 versus a median listing price of $515,000, there appears to be pricing friction where sellers’ expectations and closed outcomes differ; this gap suggests careful comps selection is important for listing strategies.
- With a median sold price of $547,000 and a median days on market of 329, the market shows slower sales velocity—this longer time to contract may reflect buyer caution under elevated interest rate pressure (current 30-year fixed shown at 6.49%).
- With a median sold price of $547,000, the rental market strength (median market rent $2,850 and rent year-over-year trend up) signals robust demand for rental housing, which may support investor interest despite a flat price year-over-year trend and a generally hot market temperature.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold below market average
Sold at market average
Sold above market average
Sold above market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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