Is Lawrence, 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 has remained a Seller's Market.
Housing Prices in Lawrence, IN
How much do homes in Lawrence, IN cost?
Median Sold Price
$260,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lawrence was $260,000 in March 2024, up 2.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $62.2K | N/A |
2 Bedrooms | $164.5K | $175.5K | +6.7% |
3 Bedrooms | $241.5K | $245.6K | +1.7% |
4 Bedrooms | $325K | $320K | -1.5% |
5+ Bedrooms | $377.5K | $462.5K | +22.5% |
Summary: Lawrence housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
Lawrence Township | $257.2K | $269.9K | +4.9% |
Vernon Township | $349.9K | $365.9K | +4.6% |
Lawrence | $253.6K | $260K | +2.5% |
Buck Creek Township | $291.2K | $295K | +1.3% |
McCordsville | $379.9K | $366.8K | -3.5% |
Housing Supply in Lawrence, IN
How many homes are available in Lawrence, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 118 | +3.5% |
Summary: The Lawrence real estate market had 118 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 62 | 65 | +4.8% |
4 Bedrooms | 34 | 38 | +11.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lawrence 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 30%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Lawrence in March 2024, up by 25.0% month-over-month. Of the 40 sold homes, 40% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for Lawrence, IN
How long does it take to sell a home in Lawrence, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 32 Days | +50.2% |
Summary: Homes in Lawrence had an average of 32 days on market in Mar 2024, up by 50.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in Lawrence; 78% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.