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Featured local agent — Lawrence, IL
Sarah Mitchell
Compass Real Estate · Lawrence, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lawrence, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$203,000median sale price
How is the Lawrence, IL housing market right now?
The median home sale price in Lawrence, IL is $203,000. Homes sell in an average of 93 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lawrence a buyer's or seller's market?
Lawrence, IL is currently a balanced market and homes selling in about 93 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
93
Average pace
Active listings
—
Sale-to-list
101.5%
Above asking
What does the Lawrence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $203,000 |
| Average days on market | 93 days |
| Sale-to-list price ratio | 101.5% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lawrence by property type?
How the Lawrence, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $203,000 | $169/sq ft | 1 | 93 days |
Source: Redfin · Updated monthly
The Lawrence housing market is currently classified as a balanced market with a median sale price of $203,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 93 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lawrence
Explore homes currently listed for sale in Lawrence, Illinois across major real estate platforms.
Who lives in Lawrence?
Population
213
Median income
$94,205/yr
Median age
31.7 years
Owner-occupied
100.0%
College grads
15.4%
Avg commute
32.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Lawrence?
Lawrence is a community of approximately 0K residents with a median age of 31.7 years.The median household income is $94,205, which reflects a relatively affluent area with strong earning potential. 15.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lawrence offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lawrence, IL?
Want a head-to-head view? Compare Lawrence side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lawrence?
The median home sale price in Lawrence is $203,000, down 0.0% from last year.
How long do homes stay on market in Lawrence?
Homes typically spend 93 days on market before going under contract.
What is the median income in Lawrence?
The median household income is $94,205 per year.
How much does a single-family home cost in Lawrence?
The median single-family home price in Lawrence, IL is $203,000 (about $169 per square foot).
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