Is Lawrence County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lawrence County was a Seller's Market.
Key Takeaway
Lawrence County 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 County, TN
How much do homes in Lawrence County, TN cost?
Median Sold Price
$265,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lawrence County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Lawrence County was $265,000 in April 2024, up 6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.2K | $186.5K | +15.7% |
| 2 Bedrooms | $179K | $184.9K | +3.3% |
| 3 Bedrooms | $249.9K | $279K | +11.6% |
| 4 Bedrooms | $295.5K | $315K | +6.6% |
| 5+ Bedrooms | $372.5K | $365K | -2.0% |
Summary: Lawrence County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Counties
| Giles County | $250K | $269.9K | +8.0% |
| Lawrence County | $250K | $265K | +6.0% |
| Lewis County | $245K | $250K | +2.0% |
| Wayne County | $200K | $194K | -3.0% |
Housing Supply in Lawrence County, TN
How many homes are available in Lawrence County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 210 | 229 | +9.0% |
Summary: The Lawrence County real estate market had 229 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 151 | 160 | +6.0% |
| 4 Bedrooms | 23 | 34 | +47.8% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Lawrence County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 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. 54.1% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Lawrence County in April 2024, up by 11.8% month-over-month. Of the 37 sold homes, 54% were sold under asking, 32% were sold at asking, and 14% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 44 Days | -25.4% |
Summary: Homes in Lawrence County had an average of 44 days on market in Apr 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 38 homes were sold in Lawrence County; 47% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 8% 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.