Is Lawrence, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$269,775
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrence was $269,775 in May 2024, up 5.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $64.9K | N/A |
2 Bedrooms | $158K | $182.5K | +15.5% |
3 Bedrooms | $240K | $249.9K | +4.1% |
4 Bedrooms | $323.5K | $320.5K | -0.9% |
5+ Bedrooms | $380K | $460K | +21.1% |
Summary: Lawrence housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
Lawrence Township | $259.5K | $274.9K | +5.9% |
Lawrence | $255K | $269.7K | +5.8% |
Vernon Township | $349.9K | $367.3K | +5.0% |
Buck Creek Township | $295K | $300K | +1.7% |
McCordsville | $370K | $365.8K | -1.1% |
Housing Supply in Lawrence, IN
How many homes are available in Lawrence, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
147 | 177 | +20.4% |
Summary: The Lawrence real estate market had 177 homes for sale in May 2024, a 20.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 71 | 84 | +18.3% |
4 Bedrooms | 52 | 68 | +30.8% |
5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Lawrence housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 57 | +29.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Lawrence in May 2024, up by 29.5% month-over-month. Of the 57 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 17 Days | +24.4% |
Summary: Homes in Lawrence had an average of 17 days on market in May 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 57 homes were sold in Lawrence; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.