Is Lawrence, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lawrence has remained a Seller's Market.
Housing Prices in Lawrence, MA
How much do homes in Lawrence, MA cost?
Median Sold Price
$510,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lawrence was $510,000 in April 2024, up 2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $152.5K | -10.3% |
2 Bedrooms | $292.5K | $284.2K | -2.8% |
3 Bedrooms | $449.9K | $460K | +2.2% |
4 Bedrooms | $520K | $482.5K | -7.2% |
5+ Bedrooms | $652K | $705K | +8.1% |
Summary: Lawrence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Methuen Town | $513.1K | $541.6K | +5.6% |
Methuen | $513.8K | $541.6K | +5.4% |
Andover | $850.3K | $869K | +2.2% |
North Andover | $690K | $704.6K | +2.1% |
Lawrence | $500K | $510K | +2.0% |
Housing Supply in Lawrence, MA
How many homes are available in Lawrence, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 66 | +11.9% |
Summary: The Lawrence real estate market had 66 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 14 | +180.0% |
3 Bedrooms | 21 | 16 | -23.8% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Lawrence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 180%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Lawrence in April 2024, up by 64.3% month-over-month. Of the 23 sold homes, 17% were sold under asking, 4% were sold at asking, and 78% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 25 Days | +6.8% |
Summary: Homes in Lawrence had an average of 25 days on market in Apr 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Lawrence; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.