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Featured local agent — Lawrence, IN
Sarah Mitchell
Compass Real Estate · Lawrence, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lawrence, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$292,750median sale price
How is the Lawrence, IN housing market right now?
The median home sale price in Lawrence, IN is $292,750, up 2.7% year-over-year. Homes sell in an average of 11 days with 89 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 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, IN is currently a strong seller's market, based on 1.9 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
48
Last 12 weeks
Days on market
11
Fast-moving
Active listings
89
1.9 months supply
Sale-to-list
100.8%
Above asking
What does the Lawrence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $292,750 |
| Median list price | $284,950 |
| Year-over-year price change | +2.7% |
| Average days on market | 11 days |
| Active inventory | 89 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $155/sq ft |
| Homes sold (latest month) | 48 |
| New listings (latest month) | 56 |
| Listings with a price cut | 41.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lawrence by property type?
How the Lawrence, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $293,500 | $157/sq ft | 47 | 10 days |
| Condo / Co-op | $113,000 | $91/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Lawrence housing market is currently classified as a strong seller's market with a median sale price of $292,750. Prices have risen 2.7% compared to last year, with homes spending an average of 11 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Lawrence
There are currently 89 homes listed for sale in Lawrence, Indiana. The median listing price is $285K.
Active listings
89
Homes on market
Median list price
$285K
Avg. days on market
11
Days until sale
New this week
56
Newly listed
Who lives in Lawrence?
Population
49,284
Median income
$73,455/yr
Median age
34.4 years
Owner-occupied
66.1%
College grads
35.4%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in Lawrence?
Zillow home value
$272,569
Zillow rent index
$1,615/mo
Price-to-rent ratio
14.1x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Lawrence?
Lawrence is a community of approximately 49K residents with a median age of 34.4 years.The median household income is $73,455, which represents a working-class community with solid middle-income opportunities. 35.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 66.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lawrence offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lawrence, IN?
Want a head-to-head view? Compare Lawrence side-by-side with any other U.S. city using our market-comparison tool.
Is Lawrence a good real estate investment market?
For investors evaluating Lawrence, the price-to-rent ratio of 14.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 2.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lawrence's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lawrence's median home price.
Frequently asked questions
What is the average home price in Lawrence?
The median home sale price in Lawrence is $292,750, up 2.7% from last year.
How long do homes stay on market in Lawrence?
Homes typically spend 11 days on market before going under contract.
What is the median income in Lawrence?
The median household income is $73,455 per year.
Is Lawrence a buyer's or seller's market?
With 1.9 months of supply, Lawrence is currently a strong seller's market.
What is the Zillow home value estimate for Lawrence?
The Zillow Home Value Index (ZHVI) for Lawrence is $272,569, representing the typical home value in the area.
What is the median condo price in Lawrence?
The median condo/co-op sale price in Lawrence, IN is $113,000, compared to $293,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lawrence?
The median single-family home price in Lawrence, IN is $293,500 (about $157 per square foot).
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