Is Lawrence, MA 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 September 2021

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.

How much do homes in Lawrence, MA cost?

Median Sold Price

$495,125

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$65,013(+15.1%)

Key Takeaway

Homes in Lawrence have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $132K$170K
+28.8%
2 $212.5K$275K
+29.4%
3 $370K$427.5K
+15.5%
4 $422.5K$492.5K
+16.6%
5+ $573K$629K
+9.8%

Median Sold Price Compared To Nearby Cities

Lawrence
+15.1%
North Andover
+11.7%
Andover
+11.0%
Methuen Town
+10.7%
Methuen
+10.6%

How many homes are available in Lawrence, MA?

Number of Homes For Sale

Aug 2022Sep 2022%
8780-8.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 33
0.0%
2 98
-11.1%
3 2322
-4.3%
4 1214
+16.7%
5+ 4033
-17.5%

Number of Homes Sold

Aug 2022Sep 2022%
2730+11.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

19 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. 63.3% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
19 Days25 Days+31.0%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Lawrence, MA

Lawrence, MA has 80 homes on the market. The inventory of homes for sale in Lawrence, MA between August 2022 and September 2022 decreased by 8%. Listings spent 25 days on the market in September 2022, and had a median list price of $495,125 during the same period. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 28.8%, prices of 2 bedrooms properties went up by 29.4%, prices of 3 bedrooms properties increased by 15.5%, 4 bedrooms properties became 16.6% more expensive, the cost of 5 bedrooms properties went up by 9.8%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 11.1% less available, the quantity of 3 bedrooms homes went down by 4.3%, the quantity of 4 bedrooms homes went up by 16.7%, 5 bedrooms homes inventory decreased by 17.5%. Lawrence, MA housing market in September 2022 saw over 19 listings sold above listed price, more than 1 sold at listed price and over 10 sold below.

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