Is North Lawrence, SD 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, North Lawrence has remained a Buyer's Market.
Housing Prices in North Lawrence, SD
How much do homes in North Lawrence, SD cost?
Median Sold Price
$675,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Lawrence was $675,000 in May 2024, up 0.7% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $550K | -14.1% |
2 Bedrooms | $287.5K | $230K | -20.0% |
3 Bedrooms | $500K | $525K | +5.0% |
4 Bedrooms | $730K | $756.4K | +3.6% |
5+ Bedrooms | $850K | $1.0M | +26.4% |
Summary: North Lawrence housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
Deadwood | $338.7K | $408.7K | +20.6% |
Spearfish | $450K | $485K | +7.8% |
North Lawrence | $670K | $675K | +0.7% |
Housing Supply in North Lawrence, SD
How many homes are available in North Lawrence, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 74 | +2.8% |
Summary: The North Lawrence real estate market had 74 homes for sale in May 2024, a 2.8% 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 | 12 | 9 | -25.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The North Lawrence 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 decreased by 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in North Lawrence in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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