Is Lawrenceburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lawrenceburg was a Seller's Market.
Housing Prices in Lawrenceburg, TN
How much do homes in Lawrenceburg, TN cost?
Median Sold Price
$246,250
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrenceburg was $246,250 in May 2024, up 9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $173K | +25.8% |
2 Bedrooms | $158K | $174K | +10.1% |
3 Bedrooms | $235K | $249K | +6.0% |
4 Bedrooms | $275K | $312.5K | +13.6% |
5+ Bedrooms | $289.9K | $316.5K | +9.2% |
Summary: Lawrenceburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Lawrenceburg | $225.8K | $246.2K | +9.0% |
Ethridge | $287K | $285.5K | -0.5% |
Leoma | $269.9K | $254.5K | -5.7% |
Housing Supply in Lawrenceburg, TN
How many homes are available in Lawrenceburg, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 110 | +1.9% |
Summary: The Lawrenceburg real estate market had 110 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 69 | 72 | +4.3% |
4 Bedrooms | 25 | 24 | -4.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lawrenceburg housing inventory by bedroom type for May 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 4.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 15 | -34.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lawrenceburg in May 2024, down by 34.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Lawrenceburg, TN
How long does it take to sell a home in Lawrenceburg, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 45 Days | +9.2% |
Summary: Homes in Lawrenceburg had an average of 45 days on market in May 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Lawrenceburg; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.