$4,038 Closing Credit*
$340,000
4 Beds
•2 Full Baths, 1 Partial
Tim Arnett, Listing Office: ERA Martin Associates
Is Laurel, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Laurel has remained a Seller's Market.
Key Takeaway
Laurel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laurel, DE
How much do homes in Laurel, DE cost?
Median Sold Price
$301,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,500(+5.4%)
Key Takeaway
Homes in Laurel have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Laurel was $301,000 in November 2024, up 5.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.6K | N/A |
| 2 Bedrooms | $227K | $178.7K | -21.3% |
| 3 Bedrooms | $290K | $300K | +3.4% |
| 4 Bedrooms | $365K | $349.9K | -4.1% |
| 5+ Bedrooms | $257K | $337K | +31.1% |
Summary: Laurel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Cities
| Laurel | $285.5K | $301K | +5.4% |
| Laurel-Delmar | $307K | $310K | +1.0% |
Housing Supply in Laurel, DE
How many homes are available in Laurel, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 66 | -5.7% |
Summary: The Laurel real estate market had 66 homes for sale in November 2024, a 5.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Laurel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Laurel in November 2024, the same as the previous month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for Laurel, DE
How long does it take to sell a home in Laurel, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 31 Days | -51.3% |
Summary: Homes in Laurel had an average of 31 days on market in Nov 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Laurel; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
