$3,266 Closing Credit*
$275,000
1,370 SqFt
3 Beds
•2 Full Baths
Chris Speer, Listing Office: eXp Realty LLC
Is Lawrence, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Lawrence was a Seller's Market.
Key Takeaway
Lawrence is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lawrence, MI
How much do homes in Lawrence, MI cost?
Median Sold Price
$257,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$71,500(+38.4%)
Key Takeaway
Homes in Lawrence have sold for 38.4% more than they did a year ago.
Summary: The median home sold price in Lawrence was $257,500 in December 2024, up 38.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167K | - | N/A |
| 2 Bedrooms | $167.4K | $166.2K | -0.7% |
| 3 Bedrooms | $184.9K | $258.7K | +39.9% |
| 4 Bedrooms | $283K | $567.4K | +100.5% |
| 5+ Bedrooms | $450K | $856.5K | +90.3% |
Summary: Lawrence housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 39.9%, 4 bedroom homes increased by 100.5%, and 5+ bedroom homes increased by 90.3%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $186K | $257.5K | +38.4% |
| Lawrence Township | $187K | $257.5K | +37.7% |
Housing Supply in Lawrence, MI
How many homes are available in Lawrence, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Summary: The Lawrence real estate market had 13 homes for sale in December 2024, a 27.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lawrence housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lawrence in December 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lawrence, MI
How long does it take to sell a home in Lawrence, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +37.0% |
Summary: Homes in Lawrence had an average of 18 days on market in Dec 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 December 2024, 2 homes were sold in Lawrence; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
