July 18, 2025

Lawrence Board of REALTORS® Releases Home Sales Figures for June 2025

Homes sales in the City of Lawrence rose by 33.0% in June compared to the prior year. Sales in June 2025 totaled 121 units, up from 91 in 2024.

Among existing homes, 112 units sold in June, an increase of 34.9% from 83 units that sold in 2024. The average sale price of existing homes was $364,302. This represents an increase of 9.1% from the June 2024 average price of $333,783.

For new construction, 2 sales occurred in June, essentially unchanged from the prior year. The average sale price of new homes in June was $487,450, up 11.3% from the same period last year.

A total of 92 contracts for sale were written in June 2025, up from 90 in June 2024. This is an increase of 2.2%. Contracts written during the month reflect, in part, sales that will close in the near future.

The inventory of active listings in the City of Lawrence stood at 157 units at the end of June, which is down from 183 homes that were on the market at the end of June last year. At the current rate of sales, this figure represents 1.8 months' supply of homes on the market.

According to Bailey Stuart, President of the Lawrence Board of REALTORS®, “This is a good time to evaluate the year now that we’re through the first half of 2025. Home sales have seen a 13% increase this year compared to last year, and the median sales price is $325,000, which is up 3.4% over last year. At under a 2.0-month supply, inventory remains to be a challenge for the market, and sellers are typically getting their asking price (median sale vs list is at 100%), and are on the market for just 5 days (median days on market) before they accept a contract on their home."

For questions and/or comments, please contact LBOR President Bailey Stuart at 785-766-7840 or BaileyStuart@askMcGrew.com.

Complete statistical summaries for Lawrence and Douglas County are available at http://www.lawrencerealtor.com/market-statistics/

Three-Year Comparison Through June 2025