Is Lawrence-Fort Ben-Oaklandon, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lawrence-Fort Ben-Oaklandon has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $89K | N/A |
2 Bedrooms | $190K | $217.7K | +14.6% |
3 Bedrooms | $260K | $270K | +3.8% |
4 Bedrooms | $338.5K | $351.5K | +3.8% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 76 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 41 | 36 | -12.2% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 6 | 5 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 33 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 16 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
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.