Is Lawrenceburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lawrenceburg has remained a Seller's Market.
Key Takeaway
Lawrenceburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawrenceburg, TN
How much do homes in Lawrenceburg, TN cost?
Median Sold Price
$246,250
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lawrenceburg have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Lawrenceburg was $246,250 in April 2024, up 9.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.7K | $186.5K | +79.8% |
| 2 Bedrooms | $154K | $170.5K | +10.7% |
| 3 Bedrooms | $229.5K | $250K | +8.9% |
| 4 Bedrooms | $266K | $310.2K | +16.6% |
| 5+ Bedrooms | $289.9K | $316.5K | +9.2% |
Summary: Lawrenceburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.8%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Lawrenceburg | $225K | $246.2K | +9.4% |
| Ethridge | $290K | $262.4K | -9.5% |
| Leoma | $284.4K | $253.5K | -10.9% |
Housing Supply in Lawrenceburg, TN
How many homes are available in Lawrenceburg, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 115 | +13.9% |
Summary: The Lawrenceburg real estate market had 115 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 65 | 73 | +12.3% |
| 4 Bedrooms | 15 | 23 | +53.3% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Lawrenceburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrenceburg, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Lawrenceburg in April 2024, up by 23.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Lawrenceburg, TN
How long does it take to sell a home in Lawrenceburg, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 38 Days | -42.3% |
Summary: Homes in Lawrenceburg had an average of 38 days on market in Apr 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lawrenceburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Lawrenceburg; 52% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.