Is Lawrence, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lawrence has remained a Seller's Market.
Housing Prices in Lawrence, IN
How much do homes in Lawrence, IN cost?
Median Sold Price
$262,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lawrence was $262,000 in April 2024, up 2.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $64.9K | N/A |
2 Bedrooms | $162K | $175.5K | +8.3% |
3 Bedrooms | $240K | $249.4K | +3.9% |
4 Bedrooms | $325K | $323K | -0.6% |
5+ Bedrooms | $370K | $486K | +31.4% |
Summary: Lawrence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Cities
Lawrence Township | $255.9K | $272.7K | +6.6% |
Vernon Township | $349.3K | $366.1K | +4.8% |
Lawrence | $254.8K | $262K | +2.8% |
Buck Creek Township | $298.7K | $297K | -0.6% |
McCordsville | $379.9K | $365K | -3.9% |
Housing Supply in Lawrence, IN
How many homes are available in Lawrence, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 110 | -14.1% |
Summary: The Lawrence real estate market had 110 homes for sale in April 2024, a 14.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 71 | 56 | -21.1% |
4 Bedrooms | 39 | 38 | -2.6% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Lawrence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 42 | -6.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Lawrence in April 2024, down by 6.7% month-over-month. Of the 42 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for Lawrence, IN
How long does it take to sell a home in Lawrence, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 14 Days | -30.0% |
Summary: Homes in Lawrence had an average of 14 days on market in Apr 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Lawrence; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.