Is Lawrenceburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lawrenceburg was a Seller's Market.
Key Takeaway
Lawrenceburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lawrenceburg, TN
How much do homes in Lawrenceburg, TN cost?
Median Sold Price
$246,250
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lawrenceburg have sold for 9% more than they did a year ago.
Summary: The median home sold price in Lawrenceburg was $246,250 in May 2024, up 9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $173K | +25.8% |
| 2 Bedrooms | $158K | $174K | +10.1% |
| 3 Bedrooms | $235K | $249K | +6.0% |
| 4 Bedrooms | $275K | $312.5K | +13.6% |
| 5+ Bedrooms | $289.9K | $316.5K | +9.2% |
Summary: Lawrenceburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Lawrenceburg | $225.8K | $246.2K | +9.0% |
| Ethridge | $287K | $285.5K | -0.5% |
| Leoma | $269.9K | $254.5K | -5.7% |
Housing Supply in Lawrenceburg, TN
How many homes are available in Lawrenceburg, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 108 | 110 | +1.9% |
Summary: The Lawrenceburg real estate market had 110 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 69 | 72 | +4.3% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lawrenceburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrenceburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lawrenceburg in May 2024, down by 34.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Lawrenceburg, TN
How long does it take to sell a home in Lawrenceburg, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 45 Days | +9.2% |
Summary: Homes in Lawrenceburg had an average of 45 days on market in May 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawrenceburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Lawrenceburg; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.