The new year is here and the book is closed on the 2025 Lawrence real estate market! Let's take a look at how the numbers finished up.
First off, December saw an increase in sales from November, up 11.5% MoM. Average price was up an eye-watering 7% at $375.5K. While sales were down almost 15% from December 2024, prices were up 14% YoY. Listings were flat from November to December, however there were more listings in December of 2025 than 2024 by over 26%.
Average Days-on-Market was up slightly at 37 days. This is a pretty strong December, which is backed up by our experience of our busiest December ever. Last month was an incredibly strong finish to a fairly strong year overall.
Year-to-date numbers show that sales were up, home values were up, time-on-market was flat, and new listings were down ever-so-slightly in 2025. There were over 7% more homes sold in 2025 than 2024. Despite the increase in overall homes sales, the average price for the year was up 5.3% at roughly $365.9K. The overall dollar volume of the market place within city limits was up 13% over the previous year.
All of the stats that follow are sourced from the Lawrence MLS. What follows is a look at some market numbers specifically within the city limits of Lawrence:
Month-over-Month
- December home sales increased 11.5% from the previous month (68 homes sold)
- Average price increased 7.0% in December vs. the previous month, up to $375.5K
- Average Days-on-Market was up 19.4% at 37 Days-on-Market
- 57 homes were listed in December, flat compared to November
- List-Price-to-Sales-Price Ratio for the month was 97.3%
- Average Per-Square-Foot was 186/sq.ft., a 3.3% increase MoM
Year-over-Year
- Home sales were down 14.7% in December '25 vs December '24, a decrease of 10 homes sold
- Average Price was up YoY 14.0%
- Average Days-on-Market was up 12.1% YoY
- The 57 homes listed last month was a 26.7% increase YoY
YTD
- Homes Sales are up 7.3% YTD through December; an increase of 68 homes sold this year
- Average Price was up 5.3%
- Average DOM is flat at 25 days
- 1,223 Homes were listed; a decrease of 1.4% from 2024
- Dollar Volume is up 13% YTD for a total of $364.4M
- Average Per-Square-Foot for the year is at $192/sq.ft., up from $188/sq.ft. in 2024
Active Properties
- There are 109 "Active" properties in Lawrence, a decrease of 12.8% since my last update
- There are 37 properties currently listed as "Under Contract" which is a decrease of 47.1% since my last update
- The average list price of homes currently Under Contract is $493,633
- Months-of-Supply: There is currently 1.3 months-of-supply in Lawrence
A year ago, I predicted a 2-4% increase in home sales and a 3-5% increase in average price. I was pretty close! I underestimated the number of home sales, but was spot-on in average price. I would call this a good year. A 5% increase in prices is a fairly healthy number, especially in the context of more home sales. Average time-on-market is certainly creeping up as the year drew to a close. And new listings were down.
The market is poised for another strong year following very strong market stats from December. With mild weather ringing in the new year, January seems to be off to a swift start already. As the year continues, there should be a continuation of more of the same. We should see both an increase in listings, sales, and overall price in 2026. I'll be releasing my Market Predictions post soon, so keep an eye out for that!
Stay tuned to R+K Real Estate for great new content, updates, advice, opinions and more in 2026. We plan to continue our advance of transparency, consumer advocacy, and empowering our clients with alternate business models designed to provide high levels or real estate service with drastically reduced commissions!
-Ryan Desch, Broker/Owner R+K Real Estate Solutions
