$3,146 Closing Credit*
$264,900
1,796 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gene Tumbarello, Listing Office: F.C. Tucker Company
Is Lawrence, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$276,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,508(+8.4%)
Key Takeaway
Homes in Lawrence have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Lawrence was $276,500 in October 2024, up 8.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.2K | $118.5K | +90.5% |
| 2 Bedrooms | $176.5K | $182.5K | +3.4% |
| 3 Bedrooms | $240K | $256.7K | +7.0% |
| 4 Bedrooms | $321K | $315K | -1.9% |
| 5+ Bedrooms | $432.5K | $374.9K | -13.3% |
Summary: Lawrence housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $254.9K | $276.5K | +8.4% |
| Lawrence Township | $262.4K | $279.9K | +6.7% |
| Buck Creek Township | $295K | $309K | +4.7% |
| McCordsville | $362.5K | $369.8K | +2.0% |
| Vernon Township | $359.8K | $360K | 0.0% |
Housing Supply in Lawrence, IN
How many homes are available in Lawrence, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 181 | 181 | 0.0% |
Summary: The Lawrence real estate market had 181 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 96 | 95 | -1.0% |
| 4 Bedrooms | 57 | 55 | -3.5% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Lawrence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 58 | +38.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Lawrence in October 2024, up by 38.1% month-over-month. Of the 58 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 34 Days | +203.4% |
Summary: Homes in Lawrence had an average of 34 days on market in Oct 2024, up by 203.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawrence are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 58 homes were sold in Lawrence; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.