Is Lawrence Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Lawrence Township has remained a Seller's Market.

Key Takeaway

Lawrence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$12,728(+4.9%)

Key Takeaway

Homes in Lawrence Township have sold for 4.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $180.6K$159.9K
-11.4%
2 $188K$206.7K
+10.0%
3 $240.1K$246.6K
+2.7%
4 $336K$340K
+1.2%
5+ $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
+4.9%
Delaware Township
+3.1%
Lawrence
+2.5%
Fishers
+1.4%
McCordsville
-3.5%

Housing Supply in Lawrence Township, IN

How many homes are available in Lawrence Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
311310-0.3%

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

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 4233
-21.4%
3 138156
+13.0%
4 10598
-6.7%
5+ 2320
-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 2024Mar 2024CHANGE
8599+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence Township, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
31 Days40 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lawrence Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Lawrence Township, IN

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