NORTHERN LAUREL, JESSUP, AND SAVAGE HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in July, with 35 sold this month in Northern Laurel, Jessup, and Savage Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2024.

Versus last year, the total number of homes available this month is higher by 9 units or 12%. The total number of active inventory this July was 87 compared to 78 in July 2024. This month's total of 87 is higher than the previous month's total supply of available inventory of 84, an increase of 4%.

Last July, the median sale price for Northern Laurel, Jessup, and Savage Homes was $606,068. This July, the median sale price was $549,900, a decrease of 9% or $56,168 compared to last year. The current median sold price is 8% lower than in June.

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

In July, there was 2.5 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.6 in July 2024. That is an increase of 59% 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 44 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 57 in July 2024, a decrease of 23%. There were 35 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 30% lower than last July.

In July, the average sale price in Northern Laurel, Jessup, and Savage was 100.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 14, higher than the average last year, which was 13, an increase of 8%.





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

Zip Code(s): 20723, 20794 and 20763
Units Sold 35	Active Inventory 87	Median Sale Price $549,900	Days On Market 14

Down Vs. Year Ago	Up 12% Vs. Year Ago	Down -9% Vs. Year Ago	Up 8% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in July, with 35 sold this month in Northern Laurel, Jessup, and Savage Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 12%. The total number of active inventory this July was 87 compared to 78 in July 2024. This month's total of 87 is higher than the previous month's total supply of available inventory of 84, an increase of 4%.
		Median Sale Price Last July, the median sale price for Northern Laurel, Jessup, and Savage Homes was $606,068. This July, the median sale price was $549,900, a decrease of 9% or $56,168 compared to last year. The current median sold price is 8% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 44	Current Contracts 35	Sold Vs. List Price 100.9%	Months of Supply 2.5

Down -23% Vs. Year Ago	Down -30% Vs. Year Ago	No Change Vs. Year Ago	Up 60% Vs. Year Ago


		Months of Supply In July, there was 2.5 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.6 in July 2024. That is an increase of 59% 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 44 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 57 in July 2024, a decrease of 23%. There were 35 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 30% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Northern Laurel, Jessup, and Savage was 100.9% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 14, higher than the average last year, which was 13, an increase of 8%.


	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.