1 hour on Rocket
$9,380 Closing Credit¹
#73384290, Jose Martinez, Listing Office: Realty ONE Group Nest
Lawrence Housing Market Report May 2025•Essex County, Massachusetts
Housing Prices in Lawrence, MA
How much do homes in Lawrence, MA cost?
Housing Market Conditions
Is Lawrence, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lawrence is a Seller's Market
Difference Since May 2024
Since last year, Lawrence has remained a Seller's Market.
Insight
Lawrence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$560,000$295/SqFt
+$40,000
+7.7%
Based on all homes sold in the last 12 months
Insight
Homes in Lawrence have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Lawrence was $560,000 in May 2025, up 7.7% from last year, and the median price per square foot was $295.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Lawrence | $520K | $560K | +7.7% |
| Methuen Town | $548.9K | $588.3K | +7.2% |
| Methuen | $549.4K | $588.3K | +7.1% |
| Andover | $872K | $917K | +5.2% |
| North Andover | $712.5K | $725K | +1.8% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $125K | $170K | +36.0% |
| 22 Bedrooms | $275K | $285K | +3.6% |
| 33 Bedrooms | $477.5K | $530K | +11.0% |
| 44 Bedrooms | $487.5K | $575K | +17.9% |
| 55+ Bedrooms | $715K | $805K | +12.6% |
Summary: Lawrence housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +36.0%. The home price for 2 bedroom homes increased by +3.6%. The home price for 3 bedroom homes increased by +11.0%. The home price for 4 bedroom homes increased by +17.9%. The home price for 5 bedroom homes increased by +12.6%.
How does Lawrence, MA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lawrence, MA
Housing supply in Lawrence, MA
How many homes are available in Lawrence, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 70Last MonthMay 2025 | ||
| 742 months agoApr 2025 | -5.4 % Change MoMApr – May |
Summary: The Lawrence real estate market had 70 homes for sale in May 2025, a 5.4 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 17Last MonthMay 2025 | ||
| 252 months agoApr 2025 | -32.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 0 | -100.0% |
| 22 Bedrooms | 12 | 8 | -33.3% |
| 33 Bedrooms | 29 | 30 | +3.4% |
| 44 Bedrooms | 7 | 9 | +28.6% |
| 55+ Bedrooms | 24 | 23 | -4.2% |
Summary: Lawrence housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +3.4%. The inventory for 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes decreased by -4.2%.
Asking Price vs. Sold Price
How much do homes in Lawrence, MA cost?
Over Asking Price13 Homes
At Asking Price1 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Lawrence, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Lawrence in May 2025, down by 32.0% month-over-month. Of the 17 sold homes, 18% were sold under asking, 6% were sold at asking, and and 76% were sold over asking.
Days on Market for Lawrence, MA
How long does it take to sell a home in Lawrence, MA?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Lawrence are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 17 homes were sold in Lawrence; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 20 DaysThis YearMay 2025 | ||
| 24 Days1 year agoMay 2024 | -18.9 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Lawrence had an average listing age of 20 days in May 2025, down by 18.9% compared to the previous year.
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Newest Listings in Lawrence, MA
What homes are available in Lawrence, MA?
13 hours on Rocket
$3,086 Closing Credit¹
#73384126, Olivares Molina TEAM, Listing Office: Realty One Group Nest
22 hours on Rocket
$9,736 Closing Credit¹
#73383783, Tuyet Tu, Listing Office: Coldwell Banker Realty
23 hours on Rocket
$5,344 Closing Credit¹
#73383728, Ortega & Cruz, Listing Office: Century 21 McLennan & Company
2 days on Rocket
$4,513 Closing Credit¹
#5044010, Daniel Mendonca, Listing Office: BHHS Verani Salem
3 days on Rocket
$10,000 Closing Credit¹
#73382974, Mary Koontz-Daher, Listing Office: Weichert Realtors' Daher Companies
4 days on Rocket
$6,293 Closing Credit¹
#73382553, Cristino Ynfante, Listing Office: Berkshire Hathaway HomeServices Verani Realty Methuen
4 days on Rocket
$6,649 Closing Credit¹
#73382033, Fermin Group, Listing Office: Century 21 North East
5 days on Rocket
$6,175 Closing Credit¹
#73381589, Rachel De La Cruz, Listing Office: Edward Perez
6 days on RocketBackup offers
$4,274 Closing Credit¹
#73380707, Olivares Molina TEAM, Listing Office: Realty One Group Nest
7 days on Rocket
$4,393 Closing Credit¹
#73379994, Dolores Rabuffo, Listing Office: RE/MAX Real Estate Center
7 days on Rocket
$8,776 Closing Credit¹
#73379960, J Zanni, Listing Office: Buyers Only LLC
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., and PrimeMLS for the period 06/01/2023 - 06/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:55:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:55:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.