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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence County is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Lawrence County, IN

How much do homes in Lawrence County, IN cost?

Median Sold Price

$185,500

$133/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$19,000(-9.3%)

Key Takeaway

Homes in Lawrence County have sold for 9.3% less than they did a month ago.

Summary: The median home sold price in Lawrence County was $185,500 in November 2024, down 9.3% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$139.9K
N/A
2 $140.4K$145K
+3.2%
3 $209.5K$205K
-2.1%
4 $398.2K$200K
-49.8%
5+ $378.7K$345K
-8.9%

Summary: Lawrence County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 49.8%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Counties

Orange County
+42.0%
Monroe County
+2.7%
Lawrence County
-9.3%

Housing Supply in Lawrence County, IN

How many homes are available in Lawrence County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
192202+5.2%

Summary: The Lawrence County real estate market had 202 homes for sale in November 2024, a 5.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 25
+150.0%
2 3032
+6.7%
3 114114
0.0%
4 3338
+15.2%
5+ 1313
0.0%

Summary: The Lawrence County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4637-19.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence County, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Lawrence County in November 2024, down by 19.6% month-over-month. Of the 34 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% were sold over asking.

Days on Market for Lawrence County, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
22 Days28 Days+23.5%

Summary: Homes in Lawrence County had an average of 28 days on market in Nov 2024, up by 23.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 37 homes were sold in Lawrence County; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Lawrence County, IN

Nearby Markets to Lawrence County, IN

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