We are now fully in the spring market in Lawrence. This has been a strange year already. March was unusually slow. Then at the very end of last month, it was as if someone flipped a switch and suddenly it's 2020 all over again!
For a moment it seemed like the spring market wasn't materializing. That is the picture that the market stats below will paint. Looking at these numbers, it would appear that the year is down across the board. Sales are down, listings are down, prices are down. And they clearly are. But, we'll have to hold that thought and check in again for May's update. Things will look very different by my next update!
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
- March home sales increased 44.7% from the previous month with 68 sold homes
- Average Price decreased .05% in March vs. the previous month, down to $343.1K
- Median Price increased 0.9%, up to $307,500
- Average Days-on-Market was down 46% at 27 Days-on-Market
- 137 homes were listed in March, an increase from 80 listed in February
- List-Price-to-Sales-Price Ratio for March was 99.7%
- Average Per-Square-Foot in February was 197/sq.ft.
Year-over-Year
- Home sales were down 8.1% in March '26 vs March '25, a decrease of 6 homes sold
- Average Price was down YOY 3.8%
- Median Price was down 4.7%
- The 137 homes listed last month was a 3.5% decrease YoY
YTD
- Homes Sales are down 18.7% YTD through March; a decrease of 35 homes sold this year
- Average Price is down 2.6%
- Median Price is down 0.8%
- Average DOM is down 18.6% at 35 days
- 269 Homes have been listed so far this year; a decrease of 4.9% from last year
- Dollar Volume is down 20.8% YTD for a total of $53.3M
- Average Per-Square-Foot for the year is at $197/sq.ft., up from $188/sq.ft. in 2025
Active Properties
- There are 107 "Active" properties in Lawrence, an increase of 7% since my last update
- There are 146 properties currently listed as "Under Contract" which is an increase of 64% since my last update
- The average list price of homes currently Under Contract is $393,266
- The average list pri1ce of homes currently Active is $521,711
- Months-of-Supply: There is currently 1.3 months-of-supply in Lawrence
Things are busy-busy! Homes priced competitively and under the $500K threshold are flying off the shelves. Homes priced over $500K are sitting longer. Some of those are not selling at all. It's a tale of two markets. There are lots buyers in one market, few in the other. Perhaps it is in part due to a change in buyer preference. Larger, more expensive homes are being overlooked for smaller, lower priced ones.
The spring market definitely was delayed this year, for probably a multitude of reasons. But it's here now!
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
