$4,097 Closing Credit*
$345,000
1,817 SqFt
4 Beds
•2 Full Baths
THOMAS (TOM) CUNNINGHAM, Listing Office: Nashville Realty Group
Is Lawrence County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lawrence County was a Seller's Market.
Key Takeaway
Lawrence County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lawrence County, TN
How much do homes in Lawrence County, TN cost?
Median Sold Price
$278,483
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,733(+8.5%)
Key Takeaway
Homes in Lawrence County have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Lawrence County was $278,483 in November 2024, up 8.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | $180K | +4.0% |
| 2 Bedrooms | $182K | $197.5K | +8.5% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $299K | $325K | +8.7% |
| 5+ Bedrooms | $357.5K | $375K | +4.9% |
Summary: Lawrence County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Lawrence County | $256.7K | $278.4K | +8.5% |
| Giles County | $259.9K | $267K | +2.7% |
| Lewis County | $250K | $250K | 0.0% |
Housing Supply in Lawrence County, TN
How many homes are available in Lawrence County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 247 | 253 | +2.4% |
Summary: The Lawrence County real estate market had 253 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 37 | 30 | -18.9% |
| 3 Bedrooms | 166 | 171 | +3.0% |
| 4 Bedrooms | 27 | 33 | +22.2% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
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 33.3%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Lawrence County in November 2024, down by 3.1% month-over-month. Of the 30 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Lawrence County, TN
How long does it take to sell a home in Lawrence County, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 47 Days | -22.3% |
Summary: Homes in Lawrence County had an average of 47 days on market in Nov 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawrence County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Lawrence County; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.