Is South Lawrence, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Lawrence was a Seller's Market.
Housing Prices in South Lawrence, SD
How much do homes in South Lawrence, SD cost?
Median Sold Price
$750,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Lawrence was $750,000 in May 2024, up 7.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $635K | $454K | -28.5% |
3 Bedrooms | $555K | $466.8K | -15.9% |
4 Bedrooms | $635.2K | $780K | +22.8% |
5+ Bedrooms | $1.0M | $1.0M | +7.3% |
Summary: South 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 decreased by 28.5%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Deadwood | $338.7K | $408.7K | +20.6% |
South Lawrence | $695K | $750K | +7.9% |
North Lawrence | $670K | $675K | +0.7% |
Lead | $350K | $342.5K | -2.1% |
Housing Supply in South Lawrence, SD
How many homes are available in South Lawrence, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 47 | +23.7% |
Summary: The South Lawrence real estate market had 47 homes for sale in May 2024, a 23.7% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The South Lawrence 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South Lawrence in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for South Lawrence, SD
We’re sorry, we don't have information for this market at the moment