Foreclosure Homes in Lawrence, KS 66049

Current Market Conditions in Lawrence, KS

The real estate market in Lawrence is currently experiencing a surge in demand, with home sales rising due to the city's appealing lifestyle and proximity to the university. Buyers are increasingly drawn to the blend of historical homes and new developments, creating a competitive market for both novice and seasoned investors. This growing popularity is reflected in increasing home prices and a limited inventory of available properties.

As of late 2023, Lawrence's real estate market remains strong, but the past few months have shown signs of stabilization after a rapid increase in home values. The combination of steady interest rates and a consistent demand for housing has led to a more balanced market, providing opportunities for buyers to find suitable homes without the overwhelming bidding wars seen earlier this year.

Rent Prices In Lawrence, KS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lawrence, KS, is on a rollercoaster ride. The average rent price in Lawrence, KS, is $1,449.00. Indeed, when looking to rent in Lawrence, KS, you can expect to pay as little as $540.00 or as much as $3,900.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Lawrence, KS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.