Is Lawrence, KS 66047 a buyer’s or seller’s market?

The Lawrence housing market right now

In the three months ending August 31, 2026, 11% of homes in Lawrence, KS 66047 sold above their list price, the typical home went under contract in 45 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 37 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (31 days then) and the median sale price rose 26% to $397,328. Overall, Lawrence is less competitive than a year ago, which gives buyers more room.

Within Douglas County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Lawrence ranks #113 of 122 KS ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Lecompton 66050 (0% sold over asking), while Eudora 66025 (33% sold over asking) and Lawrence 66044 (33% sold over asking) are even more competitive.