Market Snapshot
- Median listing price
- $665K
- Median rent
- $2,550/mo
- Days on market
- 276 days
- Gross rental yield
- 4.60%
- STR vs LTR
- $1,116/mo STR · $2,550/mo LTR
The median listing price in Laurel, MD ZIP 20723 is $665,000 as of June 2026.
The median market rent in Laurel, MD ZIP 20723 is $2,550/month as of June 2026.
The median days on market in Laurel, MD ZIP 20723 is 276 days as of June 2026. The market is currently hot.
At a median list price of $665,000 and a median rent of $2,550/month, the gross rental yield in Laurel, MD ZIP 20723 is 4.60% as of June 2026.
In Laurel, MD ZIP 20723, median Airbnb revenue is $1,116/month compared to median long-term rent of $2,550/month as of June 2026.
Laurel, MD 20723 Real Estate Market Report
ZIP Code: 20723
Report Date: June 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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 in Laurel, MD, are averaging approximately 6.4% to 6.5%, reflecting a market environment where rates have remained elevated throughout 2026 compared to earlier projections.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The most reliable indicator of recent market value is the median sold price; 472,500 is the primary signal of where transactions are clearing in Laurel and supports the characterization of a hot market given the reported market temperature.
- There is a visible pricing gap between asking and transaction levels—the median listing price of 665,000 sits well above the median sold price, which may indicate seller pricing expectations outpacing recent closed sales and could create pricing friction for some listings.
- Liquidity appears mixed: the median days on market of 276 suggests slower sales velocity for properties that do trade, even as broader indicators show demand strength; this may indicate selective buyer activity or longer decision cycles rather than pure lack of demand.
- Rents and financing context support continued demand for SFR and condo product: the median market rent is 2,550, rent year-over-year trend is up, price year-over-year trend is up, market temperature is hot, and interest rate pressure is moderate with current 30-year fixed mortgage rates averaging approximately 6.4% to 6.5%, which suggests affordability headwinds that may temper some buyer activity despite strong price momentum.
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 below market average
Sold below market average
Sold above market average
Sold below market average
Sold above market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
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, 6.53% 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: 6/1/2026
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