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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$6,316(+2.5%)

Key Takeaway

Homes in Lawrence have sold for 2.5% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$62.2K
N/A
2 $164.5K$175.5K
+6.7%
3 $241.5K$245.6K
+1.7%
4 $325K$320K
-1.5%
5+ $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
+4.9%
Vernon Township
+4.6%
Lawrence
+2.5%
Buck Creek Township
+1.3%
McCordsville
-3.5%

Housing Supply in Lawrence, IN

How many homes are available in Lawrence, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
114118+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 107
-30.0%
3 6265
+4.8%
4 3438
+11.8%
5+ 77
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 2024Mar 2024CHANGE
3240+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence, you could pay more than the asking price. 42.5% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
21 Days32 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 25 Days Ago

Newest Listings in Lawrence, IN

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