Is Lawrence Township, 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $140K | -20.0% |
2 Bedrooms | $189.9K | $210K | +10.6% |
3 Bedrooms | $240K | $250K | +4.2% |
4 Bedrooms | $335K | $340K | +1.5% |
5+ Bedrooms | $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 | $259.5K | $274.9K | +5.9% |
Lawrence | $255K | $269.7K | +5.8% |
Delaware Township | $325.5K | $340K | +4.5% |
Fishers | $385.5K | $394.4K | +2.3% |
McCordsville | $370K | $365.8K | -1.1% |
Housing Supply in Lawrence Township, IN
How many homes are available in Lawrence Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
380 | 413 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 44 | 33 | -25.0% |
3 Bedrooms | 173 | 187 | +8.1% |
4 Bedrooms | 120 | 139 | +15.8% |
5+ Bedrooms | 40 | 53 | +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 2024 | May 2024 | CHANGE |
---|---|---|
117 | 134 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 18 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
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.