Is Lawrence-Fort Ben-Oaklandon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence-Fort Ben-Oaklandon is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lawrence-Fort Ben-Oaklandon has remained a Seller's Market.

Key Takeaway

Lawrence-Fort Ben-Oaklandon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lawrence-Fort Ben-Oaklandon, IN

How much do homes in Lawrence-Fort Ben-Oaklandon, IN cost?

Median Sold Price

$294,625

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,625(+3.4%)

Key Takeaway

Homes in Lawrence-Fort Ben-Oaklandon have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Lawrence-Fort Ben-Oaklandon was $294,625 in April 2024, up 3.4% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$89K
N/A
2 $190K$217.7K
+14.6%
3 $260K$270K
+3.8%
4 $338.5K$351.5K
+3.8%
5+ $422.4K$518K
+22.6%

Summary: Lawrence-Fort Ben-Oaklandon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 22.6%.

Housing Supply in Lawrence-Fort Ben-Oaklandon, IN

How many homes are available in Lawrence-Fort Ben-Oaklandon, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8176-6.2%

Summary: The Lawrence-Fort Ben-Oaklandon real estate market had 76 homes for sale in April 2024, a 6.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 4136
-12.2%
4 2929
0.0%
5+ 65
-16.7%

Summary: The Lawrence-Fort Ben-Oaklandon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2433+37.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence-Fort Ben-Oaklandon, expect to pay close to the asking price. 39.4% of homes here sold near the asking price last month.

Summary: A total of 33 homes were sold or pending in Lawrence-Fort Ben-Oaklandon in April 2024, up by 37.5% month-over-month. Of the 33 sold homes, 36% were sold under asking, 39% were sold at asking, and 24% were sold over asking.

Days on Market for Lawrence-Fort Ben-Oaklandon, IN

How long does it take to sell a home in Lawrence-Fort Ben-Oaklandon, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days16 Days+29.4%

Summary: Homes in Lawrence-Fort Ben-Oaklandon had an average of 16 days on market in Apr 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lawrence-Fort Ben-Oaklandon are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in Lawrence-Fort Ben-Oaklandon; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% 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 8 Days Ago

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