Is Lawrence-Fort Ben-Oaklandon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence-Fort Ben-Oaklandon is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lawrence-Fort Ben-Oaklandon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lawrence-Fort Ben-Oaklandon, IN

How much do homes in Lawrence-Fort Ben-Oaklandon, IN cost?

Median Sold Price

$306,666

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,191(+9.7%)

Key Takeaway

Homes in Lawrence-Fort Ben-Oaklandon have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Lawrence-Fort Ben-Oaklandon was $306,666 in October 2024, up 9.7% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $59.5K$118.5K
+99.2%
2 $192.5K$200.5K
+4.2%
3 $260K$278K
+6.9%
4 $343.9K$365K
+6.1%
5+ $480K$515K
+7.3%

Summary: Lawrence-Fort Ben-Oaklandon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.3%.

Housing Supply in Lawrence-Fort Ben-Oaklandon, IN

How many homes are available in Lawrence-Fort Ben-Oaklandon, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10394-8.7%

Summary: The Lawrence-Fort Ben-Oaklandon real estate market had 94 homes for sale in October 2024, a 8.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 5348
-9.4%
4 3633
-8.3%
5+ 108
-20.0%

Summary: The Lawrence-Fort Ben-Oaklandon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2629+11.5%

Asking Price vs. Sold Price

14 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-Fort Ben-Oaklandon, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Lawrence-Fort Ben-Oaklandon in October 2024, up by 11.5% month-over-month. Of the 29 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.

Days on Market for Lawrence-Fort Ben-Oaklandon, IN

How long does it take to sell a home in Lawrence-Fort Ben-Oaklandon, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days33 Days+111.7%

Summary: Homes in Lawrence-Fort Ben-Oaklandon had an average of 33 days on market in Oct 2024, up by 111.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 29 homes were sold in Lawrence-Fort Ben-Oaklandon; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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

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