NORTHERN LAUREL, JESSUP, AND SAVAGE HOUSING MARKET DATA

There was an increase in total units sold in September, with 48 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 higher by 29 units or 59%. The total number of active inventory this September was 78 compared to 49 in September 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 84, a decrease of 7%.

Last September, the median sale price for Northern Laurel, Jessup, and Savage Homes was $560,000. This September, the median sale price was $577,500, an increase of 3% or $17,500 compared to last year. The current median sold price is 1% lower than in August.

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

In September, there was 1.6 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.2 in September 2024. That is an increase of 33% 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 35 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 36 in September 2024, a decrease of 3%. There were 37 current contracts pending sale this September compared to 43 a year ago. The number of current contracts is 14% lower than last September.

In September, the average sale price in Northern Laurel, Jessup, and Savage was 98.8% of the average list price, which is 3.0% lower than at this time last year.

This month, the average number of days on market was 25, lower than the average last year, which was 31, a decrease of 19%.





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

Zip Code(s): 20723, 20794 and 20763
Units Sold 48	Active Inventory 78	Median Sale Price $577,500	Days On Market 25

Up 20% Vs. Year Ago	Up 59% Vs. Year Ago	Up 3% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was an increase in total units sold in September, with 48 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 higher by 29 units or 59%. The total number of active inventory this September was 78 compared to 49 in September 2024. This month's total of 78 is lower than the previous month's total supply of available inventory of 84, a decrease of 7%.
		Median Sale Price Last September, the median sale price for Northern Laurel, Jessup, and Savage Homes was $560,000. This September, the median sale price was $577,500, an increase of 3% or $17,500 compared to last year. The current median sold price is 1% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 35	Current Contracts 37	Sold Vs. List Price 98.8%	Months of Supply 1.6

Down -3% Vs. Year Ago	Down -14% Vs. Year Ago	Down -3% Vs. Year Ago	Up 33% Vs. Year Ago


		Months of Supply In September, there was 1.6 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.2 in September 2024. That is an increase of 33% 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 35 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 36 in September 2024, a decrease of 3%. There were 37 current contracts pending sale this September compared to 43 a year ago. The number of current contracts is 14% lower than last September.
		Sale Price to List Price Ratio In September, the average sale price in Northern Laurel, Jessup, and Savage was 98.8% of the average list price, which is 3.0% lower than at this time last year. Days on Market This month, the average number of days on market was 25, lower than the average last year, which was 31, a decrease of 19%.


	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.