$5,639 Closing Credit*
$474,900
1,750 SqFt
3 Beds
•2 Full Baths
Barbara T. Smith, Listing Office: Coldwell Banker Southern Realty
Is Lawrenceburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lawrenceburg was a Seller's Market.
Key Takeaway
Lawrenceburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lawrenceburg, TN
How much do homes in Lawrenceburg, TN cost?
Median Sold Price
$256,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,083(+13.8%)
Key Takeaway
Homes in Lawrenceburg have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Lawrenceburg was $256,500 in September 2024, up 13.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $151.5K | -24.3% |
| 2 Bedrooms | $160K | $185K | +15.6% |
| 3 Bedrooms | $229.9K | $254K | +10.5% |
| 4 Bedrooms | $295K | $317.5K | +7.6% |
| 5+ Bedrooms | $232.5K | $397K | +70.8% |
Summary: Lawrenceburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.3%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 70.8%.
Median Sold Price Compared To Nearby Cities
| Lawrenceburg | $225.4K | $256.5K | +13.8% |
| Leoma | $274.9K | $259.5K | -5.6% |
Housing Supply in Lawrenceburg, TN
How many homes are available in Lawrenceburg, TN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 126 | 121 | -4.0% |
Summary: The Lawrenceburg real estate market had 121 homes for sale in September 2024, a 4.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 82 | 81 | -1.2% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Lawrenceburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 16 | -33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrenceburg, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Lawrenceburg in September 2024, down by 33.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for Lawrenceburg, TN
How long does it take to sell a home in Lawrenceburg, TN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 55 Days | +81.8% |
Summary: Homes in Lawrenceburg had an average of 55 days on market in Sep 2024, up by 81.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawrenceburg are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Lawrenceburg; 38% of homes were sold within 30 days, 38% 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.