Is Lawrence County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lawrence County was a Buyer's Market.
Key Takeaway
Lawrence County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawrence County, AR
How much do homes in Lawrence County, AR cost?
Median Sold Price
$111,400
$90/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lawrence County have sold for 11.4% more than they did a month ago.
Summary: The median home sold price in Lawrence County was $111,400 in May 2024, up 11.4% from last month, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $66.9K | -10.7% |
| 3 Bedrooms | $95K | $130.4K | +37.3% |
| 4 Bedrooms | $611.5K | $230K | -62.4% |
| 5+ Bedrooms | - | $90K | N/A |
Summary: Lawrence County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 37.3%, 4 bedroom homes decreased by 62.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Randolph County | $129.5K | $165K | +27.4% |
| Lawrence County | $100K | $111.4K | +11.4% |
| Sharp County | $135K | $139.9K | +3.6% |
| Greene County | $167.3K | $169K | +1.0% |
| Craighead County | $202K | $195K | -3.5% |
Housing Supply in Lawrence County, AR
How many homes are available in Lawrence County, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The Lawrence County real estate market had 38 homes for sale in May 2024, a 8.6% 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 | 10 | +42.9% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lawrence County 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 increased by 42.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Lawrence County in May 2024, up by 175.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Lawrence County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.