Is Lawrenceburg, KY 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, Lawrenceburg has remained a Seller's Market.
Housing Prices in Lawrenceburg, KY
How much do homes in Lawrenceburg, KY cost?
Median Sold Price
$245,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrenceburg was $245,000 in May 2024, up 6.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $11.2K | $100.1K | +789.9% |
2 Bedrooms | $169.6K | $169.9K | 0.2% |
3 Bedrooms | $225K | $243K | +8.0% |
4 Bedrooms | $328.5K | $342.5K | +4.3% |
5+ Bedrooms | $297.4K | $429.9K | +44.5% |
Summary: Lawrenceburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 789.9%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 44.5%.
Housing Supply in Lawrenceburg, KY
How many homes are available in Lawrenceburg, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 99 | +15.1% |
Summary: The Lawrenceburg real estate market had 99 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 59 | 60 | +1.7% |
4 Bedrooms | 12 | 19 | +58.3% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Lawrenceburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Lawrenceburg in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 38% were sold at asking, and 4% were sold over asking.
Days on Market for Lawrenceburg, KY
How long does it take to sell a home in Lawrenceburg, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 55 Days | 0.3% |
Summary: Homes in Lawrenceburg had an average of 55 days on market in May 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Lawrenceburg; 50% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.