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Featured local agent — Lawrence, KS
Sarah Mitchell
Compass Real Estate · Lawrence, KS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lawrence, KS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$325,000median sale price
How is the Lawrence, KS housing market right now?
The median home sale price in Lawrence, KS is $325,000, down 1.5% year-over-year. Homes sell in an average of 35 days with 267 active listings. The market is currently a balanced 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, KS is currently a balanced market, based on 4.2 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
64
Last 12 weeks
Days on market
35
Average pace
Active listings
267
4.2 months supply
Sale-to-list
100.2%
Above asking
What does the Lawrence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,000 |
| Median list price | $366,250 |
| Year-over-year price change | -1.5% |
| Average days on market | 35 days |
| Active inventory | 267 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $182/sq ft |
| Homes sold (latest month) | 64 |
| New listings (latest month) | 114 |
| Listings with a price cut | 20.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lawrence by property type?
How the Lawrence, KS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $360,000 | $184/sq ft | 49 | 36 days |
| Condo / Co-op | $194,402 | $160/sq ft | 4 | 50 days |
| Townhouse | $256,000 | $183/sq ft | 11 | 26 days |
Source: Redfin · Updated monthly
The Lawrence housing market is currently classified as a balanced market with a median sale price of $325,000. Prices have fallen 1.5% compared to last year, with homes spending an average of 35 days on market, indicating 4.2 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 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Lawrence
There are currently 267 homes listed for sale in Lawrence, Kansas. The median listing price is $366K.
Active listings
267
Homes on market
Median list price
$366K
Avg. days on market
35
Days until sale
New this week
114
Newly listed
Who lives in Lawrence?
Population
95,459
Median income
$62,838/yr
Median age
29.2 years
Owner-occupied
42.9%
College grads
55.1%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lawrence?
Zillow home value
$341,775
Zillow rent index
$1,288/mo
Price-to-rent ratio
22.1x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Lawrence?
Lawrence is a community of approximately 95K residents with a median age of 29.2 years.The median household income is $62,838, which represents a working-class community with solid middle-income opportunities. 55.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 42.9%, showing a blend of owner and renter-occupied properties. The average commute time is 19.7 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 public schools serve Lawrence?
18 schools tracked · 10,592 students
The largest public schools serving Lawrence, KS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lawrence Free State High
Grades 9-12 · 1,768 students
Lawrence High
Grades 9-12 · 1,499 students
Lawrence West Middle School
Grades 6-8 · 686 students
Lawrence Southwest Middle School
Grades 6-8 · 654 students
Lawrence Virtual School
Grades K-12 · 626 students
Langston Hughes Elem
Grades K-5 · 544 students
Billy Mills Middle School
Grades 6-8 · 484 students
Deerfield Elem
Grades K-5 · 469 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lawrence, KS?
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 22.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.5% year-over-year, potentially creating entry opportunities for strategic buyers.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 $325,000, down 1.5% from last year.
How long do homes stay on market in Lawrence?
Homes typically spend 35 days on market before going under contract.
What is the median income in Lawrence?
The median household income is $62,838 per year.
Is Lawrence a buyer's or seller's market?
With 4.2 months of supply, Lawrence is currently a balanced market.
What is the Zillow home value estimate for Lawrence?
The Zillow Home Value Index (ZHVI) for Lawrence is $341,775, 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, KS is $194,402, compared to $360,000 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, KS is $360,000 (about $184 per square foot).
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