Is Lawrence Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$269,980
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lawrence Township was $269,980 in March 2024, up 4.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180.6K | $159.9K | -11.4% |
2 Bedrooms | $188K | $206.7K | +10.0% |
3 Bedrooms | $240.1K | $246.6K | +2.7% |
4 Bedrooms | $336K | $340K | +1.2% |
5+ Bedrooms | $500K | $500K | 0.0% |
Summary: Lawrence Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lawrence Township | $257.2K | $269.9K | +4.9% |
Delaware Township | $325K | $335K | +3.1% |
Lawrence | $253.6K | $260K | +2.5% |
Fishers | $385K | $390.3K | +1.4% |
McCordsville | $379.9K | $366.8K | -3.5% |
Housing Supply in Lawrence Township, IN
How many homes are available in Lawrence Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
311 | 310 | -0.3% |
Summary: The Lawrence Township real estate market had 310 homes for sale in March 2024, a 0.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 42 | 33 | -21.4% |
3 Bedrooms | 138 | 156 | +13.0% |
4 Bedrooms | 105 | 98 | -6.7% |
5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The Lawrence Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 99 | +16.5% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Lawrence Township in March 2024, up by 16.5% month-over-month. Of the 99 sold homes, 46% were sold under asking, 21% were sold at asking, and 32% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 40 Days | +28.3% |
Summary: Homes in Lawrence Township had an average of 40 days on market in Mar 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 99 homes were sold in Lawrence Township; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.