NORTHERN LAUREL, JESSUP, AND SAVAGE HOUSING MARKET DATA

There was an increase in total units sold in April, with 42 sold this month in Northern Laurel, Jessup, and Savage Real Estate versus 35 last month, an increase of 20%. This month's total units sold was lower than at this time last year, a decrease of 5% versus April 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 2%. The total number of active inventory this April was 64 compared to 63 in April 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 73, a decrease of 12%.

Last April, the median sale price for Northern Laurel, Jessup, and Savage Homes was $630,658. This April, the median sale price was $640,000, an increase of 1% or $9,342 compared to last year. The current median sold price is 22% higher than in March.

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

In April, there was 1.5 months of supply available in Northern Laurel, Jessup, and Savage. The amount of supply is similar compared to 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 45 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 55 in April 2024, a decrease of 18%. There were 46 current contracts pending sale this April, consistent with the volume a year ago. The number of current contracts is 39% higher than last month.

In April, the average sale price in Northern Laurel, Jessup, and Savage was 102.2% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 17, an increase of 47%.





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

Zip Code(s): 20723, 20794 and 20763
Units Sold 42	Active Inventory 64	Median Sale Price $640,000	Days On Market 25

Down -5% Vs. Year Ago	Up 2% Vs. Year Ago	Up 1% Vs. Year Ago	Up 47% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 42 sold this month in Northern Laurel, Jessup, and Savage Real Estate versus 35 last month, an increase of 20%. This month's total units sold was lower than at this time last year, a decrease of 5% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 2%. The total number of active inventory this April was 64 compared to 63 in April 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 73, a decrease of 12%.
		Median Sale Price Last April, the median sale price for Northern Laurel, Jessup, and Savage Homes was $630,658. This April, the median sale price was $640,000, an increase of 1% or $9,342 compared to last year. The current median sold price is 22% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 45	Current Contracts 46	Sold Vs. List Price 102.2%	Months of Supply 1.5

Down -18% Vs. Year Ago	No Change Vs. Year Ago	Down -2% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 1.5 months of supply available in Northern Laurel, Jessup, and Savage. The amount of supply is similar compared to 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 45 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 55 in April 2024, a decrease of 18%. There were 46 current contracts pending sale this April, consistent with the volume a year ago. The number of current contracts is 39% higher than last month.
		Sale Price to List Price Ratio In April, the average sale price in Northern Laurel, Jessup, and Savage was 102.2% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 17, an increase of 47%.


	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.