Is Lawrence, KS 66049 a buyer’s or seller’s market?
Lawrence is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 38% of U.S. ZIP codes, and #103 of 122 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lawrence housing market right now
In the three months ending August 31, 2026, 19% of homes in Lawrence, KS 66049 sold above their list price, the typical home went under contract in 50 days and there were 5 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 70 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (18% then), homes sold more slowly (41 days then) and the median sale price rose 17% to $419,818. Overall, Lawrence is about as competitive as it was a year ago.
Within Douglas County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Lawrence ranks #103 of 122 KS ZIP codes with enough sales (score 39 out of 100).
Nearby, buyers who want less competition could look at Lecompton 66050 (0% sold over asking) or Lawrence 66047 (11% sold over asking), while Eudora 66025 (33% sold over asking) and Lawrence 66044 (33% sold over asking) are even more competitive.
Run the numbers for 66049
Nearby markets
Baldwin City 66006Seller’s market $209 /sq ftEudora 66025Balanced $184 /sq ftLawrence 66044Buyer’s market $199 /sq ftLawrence 66046Balanced $199 /sq ft Browse all markets →Towns like Lawrence nearby
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Questions about Lawrence real estate
Is Lawrence a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Lawrence, KS 66049 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lawrence?
The typical home went under contract in 50 days in the latest three months.
Do homes in Lawrence sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Lawrence?
About 1.22% of a home’s value a year in Douglas County, or roughly $4,880 on a $400,000 home.
What is the median home price in Lawrence?
The median sale price was $419,818 in the three months ending August 31, 2026, about $190 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology