Is Lawrence-Fort Ben-Oaklandon, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lawrence-Fort Ben-Oaklandon has remained a Seller's Market.
Housing Prices in Lawrence-Fort Ben-Oaklandon, IN
How much do homes in Lawrence-Fort Ben-Oaklandon, IN cost?
Median Sold Price
$295,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrence-Fort Ben-Oaklandon was $295,000 in May 2024, up 3.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $89K | N/A |
2 Bedrooms | $187K | $195.2K | +4.4% |
3 Bedrooms | $260K | $272K | +4.6% |
4 Bedrooms | $339.5K | $349.9K | +3.1% |
5+ Bedrooms | $424.4K | $515K | +21.3% |
Summary: Lawrence-Fort Ben-Oaklandon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 21.3%.
Housing Supply in Lawrence-Fort Ben-Oaklandon, IN
How many homes are available in Lawrence-Fort Ben-Oaklandon, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 108 | +20.0% |
Summary: The Lawrence-Fort Ben-Oaklandon real estate market had 108 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 45 | 52 | +15.6% |
4 Bedrooms | 32 | 43 | +34.4% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lawrence-Fort Ben-Oaklandon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 33 | -2.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Lawrence-Fort Ben-Oaklandon in May 2024, down by 2.9% month-over-month. Of the 33 sold homes, 30% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for Lawrence-Fort Ben-Oaklandon, IN
How long does it take to sell a home in Lawrence-Fort Ben-Oaklandon, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 16 Days | +52.1% |
Summary: Homes in Lawrence-Fort Ben-Oaklandon had an average of 16 days on market in May 2024, up by 52.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Lawrence-Fort Ben-Oaklandon; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.