$7,361 Closing Credit*
$619,900
2,154 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73320175, John Jannino, Listing Office: Executive Real Estate
Is Lawrence, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, MA
How much do homes in Lawrence, MA cost?
Median Sold Price
$555,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,000(+14.0%)
Key Takeaway
Homes in Lawrence have sold for 14% more than they did a year ago.
Summary: The median home sold price in Lawrence was $555,000 in November 2024, up 14% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $170K | -8.1% |
| 2 Bedrooms | $292.5K | $275K | -6.0% |
| 3 Bedrooms | $450K | $500K | +11.1% |
| 4 Bedrooms | $480K | $550K | +14.6% |
| 5+ Bedrooms | $675K | $758K | +12.3% |
Summary: Lawrence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $487K | $555K | +14.0% |
| Methuen Town | $525K | $575K | +9.5% |
| Methuen | $525K | $575K | +9.5% |
| Andover | $850K | $886K | +4.2% |
| North Andover | $700K | $722.4K | +3.2% |
Housing Supply in Lawrence, MA
How many homes are available in Lawrence, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 76 | -17.4% |
Summary: The Lawrence real estate market had 76 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 37 | 27 | -27.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 30 | 27 | -10.0% |
Summary: The Lawrence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 27%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 20 | -39.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Lawrence in November 2024, down by 39.4% month-over-month. Of the 20 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.
Days on Market for Lawrence, MA
How long does it take to sell a home in Lawrence, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +5.9% |
Summary: Homes in Lawrence had an average of 28 days on market in Nov 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lawrence are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Lawrence; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
