Is North Lawrence, SD 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, North Lawrence has remained a Buyer's Market.
Key Takeaway
North Lawrence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Lawrence, SD
How much do homes in North Lawrence, SD cost?
Median Sold Price
$652,500
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Lawrence have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in North Lawrence was $652,500 in April 2024, down 3.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $640K | $550K | -14.1% |
| 2 Bedrooms | $347.5K | $230K | -33.8% |
| 3 Bedrooms | $480K | $517.5K | +7.8% |
| 4 Bedrooms | $735K | $782.5K | +6.5% |
| 5+ Bedrooms | $905K | $1.0M | +16.0% |
Summary: North Lawrence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 33.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Spearfish | $427K | $487K | +14.1% |
| North Lawrence | $675K | $652.5K | -3.3% |
Housing Supply in North Lawrence, SD
How many homes are available in North Lawrence, SD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 74 | +19.4% |
Summary: The North Lawrence real estate market had 74 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The North Lawrence 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 9.1%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Lawrence, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Lawrence in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for North Lawrence, SD
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.