Is Lawrence-Fort Ben-Oaklandon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence-Fort Ben-Oaklandon is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lawrence-Fort Ben-Oaklandon has remained a Seller's Market.

Key Takeaway

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

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

+$10,500(+3.7%)

Key Takeaway

Homes in Lawrence-Fort Ben-Oaklandon have sold for 3.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 -$89K
N/A
2 $187K$195.2K
+4.4%
3 $260K$272K
+4.6%
4 $339.5K$349.9K
+3.1%
5+ $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 2024May 2024CHANGE
90108+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

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 64
-33.3%
3 4552
+15.6%
4 3243
+34.4%
5+ 69
+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 2024May 2024CHANGE
3433-2.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence-Fort Ben-Oaklandon, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.

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 2023May 2024CHANGE
11 Days16 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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