NORTHERN LAUREL, JESSUP, AND SAVAGE HOUSING MARKET DATA

There was an increase in total units sold in June, with 57 sold this month in Northern Laurel, Jessup, and Savage Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 14 units or 18%. The total number of active inventory this June was 64 compared to 78 in June 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 90, a decrease of 29%.

Last June, the median sale price for Northern Laurel, Jessup, and Savage Homes was $610,000. This June, the median sale price was $580,000, a decrease of 5% or $30,000 compared to last year. The current median sold price is 13% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 1.1 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.4 in June 2024. That is a decrease of 21% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 48 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 63 in June 2024, a decrease of 24%. There were 57 current contracts pending sale this June compared to 39 a year ago. The number of current contracts is 46% higher than last June.

In June, the average sale price in Northern Laurel, Jessup, and Savage was 101.1% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 19, higher than the average last year, which was 13, an increase of 46%.





FOCUS ON: NORTHERN LAUREL, JESSUP, AND SAVAGE HOUSING MARKET			JUNE 2025

Zip Code(s): 20723, 20794 and 20763
Units Sold 57	Active Inventory 64	Median Sale Price $580,000	Days On Market 19

Up 4% Vs. Year Ago	Down -18% Vs. Year Ago	Down -5% Vs. Year Ago	Up 46% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 57 sold this month in Northern Laurel, Jessup, and Savage Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 18%. The total number of active inventory this June was 64 compared to 78 in June 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 90, a decrease of 29%.
		Median Sale Price Last June, the median sale price for Northern Laurel, Jessup, and Savage Homes was $610,000. This June, the median sale price was $580,000, a decrease of 5% or $30,000 compared to last year. The current median sold price is 13% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 48	Current Contracts 57	Sold Vs. List Price 101.1%	Months of Supply 1.1

Down -24% Vs. Year Ago	Up 46% Vs. Year Ago	Down -0.7% Vs. Year Ago	Down -21% Vs. Year Ago


		Months of Supply In June, there was 1.1 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.4 in June 2024. That is a decrease of 21% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 48 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 63 in June 2024, a decrease of 24%. There were 57 current contracts pending sale this June compared to 39 a year ago. The number of current contracts is 46% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Northern Laurel, Jessup, and Savage was 101.1% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 13, an increase of 46%.


	Northern Laurel, Jessup, and Savage are defined as properties listed in zip code/s 20723, 20794 and 20763.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.