Is Lawrence Township, IN 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, Lawrence Township has remained a Seller's Market.
Housing Prices in Lawrence Township, IN
How much do homes in Lawrence Township, IN cost?
Median Sold Price
$272,783
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lawrence Township was $272,783 in April 2024, up 6.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180.6K | $149.9K | -17.0% |
2 Bedrooms | $189.9K | $210K | +10.6% |
3 Bedrooms | $240K | $249.9K | +4.2% |
4 Bedrooms | $335.1K | $340K | +1.4% |
5+ Bedrooms | $501K | $500K | -0.2% |
Summary: Lawrence Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Lawrence Township | $255.9K | $272.7K | +6.6% |
Delaware Township | $325K | $338.8K | +4.3% |
Lawrence | $254.8K | $262K | +2.8% |
Fishers | $385K | $393K | +2.1% |
McCordsville | $379.9K | $365K | -3.9% |
Housing Supply in Lawrence Township, IN
How many homes are available in Lawrence Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
329 | 318 | -3.3% |
Summary: The Lawrence Township real estate market had 318 homes for sale in April 2024, a 3.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 38 | 42 | +10.5% |
3 Bedrooms | 164 | 153 | -6.7% |
4 Bedrooms | 102 | 98 | -3.9% |
5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Lawrence Township 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 increased by 10.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 113 | +5.6% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in Lawrence Township in April 2024, up by 5.6% month-over-month. Of the 113 sold homes, 37% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Lawrence Township, IN
How long does it take to sell a home in Lawrence Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 28 Days | +7.4% |
Summary: Homes in Lawrence Township had an average of 28 days on market in Apr 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 113 homes were sold in Lawrence Township; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.