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 November 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

$279,750

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,250(+10.4%)

Key Takeaway

Homes in Lawrence have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Lawrence was $279,750 in November 2024, up 10.4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $62.2K$118.5K
+90.5%
2 $177.5K$199K
+12.1%
3 $240K$260K
+8.3%
4 $320K$315K
-1.6%
5+ $462.5K$374.9K
-18.9%

Summary: Lawrence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.5%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 18.9%.

Median Sold Price Compared To Nearby Cities

Lawrence
+10.4%
Lawrence Township
+7.7%
Buck Creek Township
+5.6%
McCordsville
+1.8%
Vernon Township
-1.9%

Housing Supply in Lawrence, IN

How many homes are available in Lawrence, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
192165-14.1%

Summary: The Lawrence real estate market had 165 homes for sale in November 2024, a 14.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1313
0.0%
3 9987
-12.1%
4 5952
-11.9%
5+ 2013
-35.0%

Summary: The Lawrence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 35%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6251-17.7%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

13 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. 41.2% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Lawrence in November 2024, down by 17.7% month-over-month. Of the 51 sold homes, 41% were sold under asking, 33% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
30 Days27 Days-9.1%

Summary: Homes in Lawrence had an average of 27 days on market in Nov 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 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 November 2024, 51 homes were sold in Lawrence; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Lawrence, IN

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