NORTHERN LAUREL, JESSUP, AND SAVAGE HOUSING MARKET DATA

There was a decrease in total units sold in August, with 34 sold this month in Northern Laurel, Jessup, and Savage Real Estate versus 36 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 28% versus August 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this August was 75 compared to 74 in August 2024. This month's total of 75 is lower than the previous month's total supply of available inventory of 105, a decrease of 29%.

Last August, the median sale price for Northern Laurel, Jessup, and Savage Homes was $550,000. This August, the median sale price was $583,750, an increase of 6% or $33,750 compared to last year. The current median sold price is 9% higher than in July.

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

In August, there was 2.2 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.6 in August 2024. That is an increase of 40% 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 45 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 49 in August 2024, a decrease of 8%. There were 58 current contracts pending sale this August compared to 43 a year ago. The number of current contracts is 35% higher than last August.

In August, the average sale price in Northern Laurel, Jessup, and Savage was 101.1% of the average list price, which is 0.9% higher 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			AUGUST 2025

Zip Code(s): 20723, 20794 and 20763
Units Sold 34	Active Inventory 75	Median Sale Price $583,750	Days On Market 25

Down -28% Vs. Year Ago	Up 1% Vs. Year Ago	Up 6% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 34 sold this month in Northern Laurel, Jessup, and Savage Real Estate versus 36 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 28% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this August was 75 compared to 74 in August 2024. This month's total of 75 is lower than the previous month's total supply of available inventory of 105, a decrease of 29%.
		Median Sale Price Last August, the median sale price for Northern Laurel, Jessup, and Savage Homes was $550,000. This August, the median sale price was $583,750, an increase of 6% or $33,750 compared to last year. The current median sold price is 9% higher than in July. 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 58	Sold Vs. List Price 101.1%	Months of Supply 2.2

Down -8% Vs. Year Ago	Up 35% Vs. Year Ago	Up 0.9% Vs. Year Ago	Up 41% Vs. Year Ago


		Months of Supply In August, there was 2.2 months of supply available in Northern Laurel, Jessup, and Savage, compared to 1.6 in August 2024. That is an increase of 40% 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 45 homes newly listed for sale in Northern Laurel, Jessup, and Savage compared to 49 in August 2024, a decrease of 8%. There were 58 current contracts pending sale this August compared to 43 a year ago. The number of current contracts is 35% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Northern Laurel, Jessup, and Savage was 101.1% of the average list price, which is 0.9% higher 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.