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If there is an area of Indianapolis that epitomizes the term real estate diversity, Lawrence Township is it. Due to the fact that the Geist Reservoir lies partially in Lawrence and it shares its borders with Fishers, Lawrence Township has some of Indianapolis’ most expensive luxury real estate. Lawrence Township offers many Geist waterfront properties that sell for well over $1,000,000. In a stark contrast, on the southern borders of Lawrence there is an abundance of homes available in the $80,000 - $150,000 range. One of the most exciting subjects for the future of Lawrence Township real estate is the development of Fort Benjamin Harrison. The Fort will most likely be developed into a mixed use project to create a new town center.
Rebate Real Estate offers a 50% commission rebate on all Indianapolis homes in Lawrence Township. If you are considering buying or selling Lawrence real estate, Rebate Real Estate would love the opportunity to show you how we combine superior customer service and a 50% commission rebate.
Please feel free to use our database to search all Indianapolis Homes for sale.
Lawrence Township is located in the northeast section of Marion County and is one of the nine townships that Indianapolis is comprised of. Based on household income, population growth, education, health, and culture; Money Magazine (January 2004) named Lawrence one of “America’s Hottest Places to Live”.
Lawrence has long been the home to the U.S. Army’s Fort Benjamin Harrison which is now officially closed. The Fort is currently in the planning stages for development of a mixed used project that will incorporate residential, retail, and commercial into new town center. In addition to Fort Benjamin Harrison, Lawrence is home to one of the areas most popular shopping centers, Castleton Square. Lawrence is also well know for hosting Geist Reservoir, Indianapolis’ only major body of water that allows motorized boats. The recreation, shopping, new developments, and an easy 15 minute commute to downtown make Lawrence a very desirable place to live.
As you might imagine, just like the resale market Indianapolis new homes in Lawrence are very diverse. New homes in Lawrence offer affordable condos up to large estate sized custom homes and range from the low 100’s to over $500,000. Some of the builders with communities currently in Lawrence are: Beazer Homes, Centex Homes, Gunstra Builders, M/I Homes, Ryland Homes, KB Homes, and Westport Homes.
Rebate Real Estate offers a 50% commission rebate on almost all Indianapolis new home builders in Lawrence. Please visit our Indianapolis New Homes page to find out more.
2006 |
2007 |
% Change |
|
Active |
N/A |
734 |
|
Homes Sold |
148 |
104 |
-30% |
Average Selling Price |
$140,717 |
$131,961 |
-6% |
Days on Market |
80 |
98 |
23% |
Price Per Square Foot |
$77 |
$65 |
-16% |
- There are 734 homes for sale in Lawrence Township with an average asking price of $149,216.
- The number of home sold on the Lawrence Township real estate market was down 30% over 2006.
- The average selling price was down 6% over 2006.
- 1758 Lawrence Township homes sold in the past 12 months.
- There is currently a 7.81 months supply of homes on the Lawrence Township real estate market.
# of Homes Sold |
Average Sales Price |
|||||
2006 |
2007 |
% Change | 2006 |
2007 |
% Change | |
| Jan. | 109 |
108 |
-0.92% |
$124,760 |
$124,467 |
-0.23% |
| Feb. | 122 |
104 |
-14.75% |
$130,401 |
$116,555 |
-10.62% |
| March | 195 |
161 |
-17.44% |
$135,946 |
$134,203 |
-1.28% |
| April | 169 |
195 |
15.38% |
$141,401 |
$142,452 |
0.74% |
| May | 189 |
182 |
-3.70% |
$150,239 |
$140,101 |
-6.75% |
| June | 223 |
198 |
-11.21% |
$151,904 |
$153,817 |
1.26% |
| July | 180 |
183 |
1.67% |
$152,505 |
$142,096 |
-6.83% |
| Aug. | 164 |
156 |
-4.88% |
$127,218 |
$141,265 |
11.04% |
| Sept. | 150 |
120 |
-20.00% |
$143,231 |
$146,452 |
2.25% |
| Oct. | 132 |
114 |
-13.64% |
$126,142 |
$139,360 |
10.48% |
| Nov. | 129 |
106 |
-17.83% |
$147,595 |
$121,872 |
-17.43% |
| Dec. | 148 |
104 |
-29.73% |
$140,717 |
$131,961 |
-6.22% |
| Totals | 1,910 |
1,731 |
-9.37% |
$139,338 |
$136,217 |
-2.24% |
*Sold homes numbers are calculated on all homes selling in Indianapolis Lawrence Township under $500,000.
Please see the Indianapolis Real Estate portion of our blog to see previous months and other Indianapolis Real Estate news.
Rebate Real Estate
317-362-4064
mtaylor@indyrebaterealestate.com
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