May 21, 2025

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

Home sales in the City of Lawrence were essentially unchanged in April 2025 compared to the same period last year. Sales totaled 97 units in April 2025.

Among existing homes, 94 units sold in April, an increase of 9.3% from 86 units that sold in 2024. The average sale price of existing homes was $358,210. This represents a decrease of 2.2% from the April 2024 average price of $366,153.

For new construction, 1 sale occurred in April, down from 6 units the prior year, a decrease of 83.3%. The average sale price of new homes in April was $309,900, down 30.0% from the same period last year.

A total of 121 contracts for sale were written in April 2025, up from 120 in April 2024. This is an increase of 0.8%. 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 150 units at the end of April, which is up from 119 homes that were on the market at the end of April last year. At the current rate of sales, this figure represents a 1.9 months' supply of homes on the market.

According to Bailey Stuart, President of the Lawrence Board of REALTORS®, “Sales of existing homes increased enough in April to make up for a slow month for new construction. April also brought a decrease in the median sale price for existing homes, to $315,000 from $335,000 a year earlier. The market continues to move at an intense pace, with the median days on market at just 4 days (median = half were more and half less) and sold prices at 100.0% of asking prices.” 

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 April 2025