Laurel’s neighborhoods — spanning Howard, Prince Georges and Anne Arundel counties — offers a varied mix of Maryland real estate for any type of buyer, whether you want an upscale estate near the finest schools or a charming and affordable starter home. The average home in this neck of the Maryland real estate woods ranges from as low as $50,000 to as high as $900,000. Here you can find condos, single family residences or townhomes – all within 30 minutes of the nation’s capital.
Anne Arundel County is close to Fort Meade. Properties here range from $90,000 to $500,000. There aren’t many foreclosures or short sales here, but the average sales price has dropped $30,000 over the last year. This section of Maryland real estate isn’t moving quite as fast as it was last year, when the government loans were injecting added life into the market. This year, 11 properties sold with an average of 86 days on the market – compared to last year’s 18 properties and 80 days on the market.
Howard is the closest county to the NSA. Homes in this party of Maryland real estate range from $69,000 to $897,000. There are slightly more foreclosures here, but the average sales price went up $30,000, which is encouraging. Fewer properties sold this year (18 compared to 30), but the homes sat on the market for 14 days less this year.
Prince George’s County, which encompasses most of Laurel, has a good number of foreclosure and even more short sales. The average sales price was $247,000, but properties range from $49,000 to $540,000. The Prince George’s County Maryland real estate market is a little sluggish compared to last year, but the number of quality homes gives us real estate agents hope.