Is Lawrence Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lawrence Township has remained a Seller's Market.

Key Takeaway

Lawrence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lawrence Township, IN

How much do homes in Lawrence Township, IN cost?

Median Sold Price

$274,991

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,400(+5.9%)

Key Takeaway

Homes in Lawrence Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Lawrence Township was $274,991 in May 2024, up 5.9% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $175K$140K
-20.0%
2 $189.9K$210K
+10.6%
3 $240K$250K
+4.2%
4 $335K$340K
+1.5%
5+ $500K$486K
-2.8%

Summary: Lawrence Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Lawrence Township
+5.9%
Lawrence
+5.8%
Delaware Township
+4.5%
Fishers
+2.3%
McCordsville
-1.1%

Housing Supply in Lawrence Township, IN

How many homes are available in Lawrence Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
380413+8.7%

Summary: The Lawrence Township real estate market had 413 homes for sale in May 2024, a 8.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 31
-66.7%
2 4433
-25.0%
3 173187
+8.1%
4 120139
+15.8%
5+ 4053
+32.5%

Summary: The Lawrence Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 32.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
117134+14.5%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence Township, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.

Summary: A total of 134 homes were sold or pending in Lawrence Township in May 2024, up by 14.5% month-over-month. Of the 134 sold homes, 40% were sold under asking, 26% were sold at asking, and 34% were sold over asking.

Days on Market for Lawrence Township, IN

How long does it take to sell a home in Lawrence Township, IN?

Average Sale Time

May 2023May 2024CHANGE
21 Days18 Days-14.2%

Summary: Homes in Lawrence Township had an average of 18 days on market in May 2024, down by 14.2% compared to last year.

Breakdown of Home Sale Times

111 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lawrence Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 134 homes were sold in Lawrence Township; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lawrence Township, IN

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