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January 2024 Home Sales Statistics from the Lawrence MLS

Detailed 22-page report for the City of Lawrence - January 2024
Detailed 22-page report for Douglas County - January 2024

 

See the Current Press Release, 3 Year Comparison, and Report Archives below.

Lawrence Housing Market Forecast - Digital Edition

2023  2024

Lawrence Housing Market Forecast Presentation

2023  2024

Dr. Stan Longhofer, Director & Economist, Wichita State University Center for Real Estate

February 23, 2024

Lawrence Board of REALTORS® Releases Home Sales Figures for January 2024

Homes sales in the City of Lawrence fell by 6.8% in January compared to the prior year. Sales in January 2024 totaled 41 units, down from 44 in 2023.

Among existing homes, 38 units sold in January, a decrease of 2.6% from 39 units that sold in 2023. The average sale price of existing homes was $265,696. This represents a decrease of 5.5% from the January 2023 average price of $281,262.

For new construction, 3 sales occurred in January, down from 5 units the prior year, a decrease of 40.0%. The average sale price of new homes in January was $380,800, down 38.0% from the same period last year.

A total of 61 contracts for sale were written in January 2024, up from 48 in January 2023. This is an increase of 27.1%. 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 108 units at the end of January, which is up from 94 homes that were on the market at the end of January last year. At the current rate of sales, this figure represents 1.5 months' supply of homes on the market.

According to Jill Ballew, President of the Lawrence Board of REALTORS®, “We remain optimistic about 2024, despite a slow start in January. Written contracts were up 13% at the end of January for the greater Lawrence MSA (which includes Douglas County, Eudora, Baldwin City, and Lecompton) and were up 27% in the City of Lawrence. Keep in mind that January is a small sample size and that home sales for the Lawrence MSA were up just 1 housing unit, resulting in a 2% increase, and the decline in the City of Lawrence is just 3 housing units.” 

For questions and/or comments, please contact LBOR President Jill Ballew at 785-760-6632 or jillballew@stephensre.com.

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

Three-Year Comparison Through January 2024

 

Housing Market Statistics Archive

2024

2023

2022

2021

2020

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