Is Lawrence, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lawrence has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lawrence, IN

How much do homes in Lawrence, IN cost?

Median Sold Price

$269,775

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,775(+5.8%)

Key Takeaway

Homes in Lawrence have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Lawrence was $269,775 in May 2024, up 5.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$64.9K
N/A
2 $158K$182.5K
+15.5%
3 $240K$249.9K
+4.1%
4 $323.5K$320.5K
-0.9%
5+ $380K$460K
+21.1%

Summary: Lawrence 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 15.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 21.1%.

Median Sold Price Compared To Nearby Cities

Lawrence Township
+5.9%
Lawrence
+5.8%
Vernon Township
+5.0%
Buck Creek Township
+1.7%
McCordsville
-1.1%

Housing Supply in Lawrence, IN

How many homes are available in Lawrence, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
147177+20.4%

Summary: The Lawrence real estate market had 177 homes for sale in May 2024, a 20.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 96
-33.3%
3 7184
+18.3%
4 5268
+30.8%
5+ 1419
+35.7%

Summary: The Lawrence 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 18.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 35.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4457+29.5%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Lawrence in May 2024, up by 29.5% month-over-month. Of the 57 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for Lawrence, IN

How long does it take to sell a home in Lawrence, IN?

Average Sale Time

May 2023May 2024CHANGE
14 Days17 Days+24.4%

Summary: Homes in Lawrence had an average of 17 days on market in May 2024, up by 24.4% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 57 homes were sold in Lawrence; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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

Newest Listings in Lawrence, IN

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