Lawrence Housing Market Update: Prices Dip, Homes Moving Faster
Lawrence, KS – March 10, 2026 – Home prices are down year over year, but properties are selling faster as buyers navigate a tighter, competitive market.
The Lawrence housing market is showing mixed signals early this year, with lower year-over-year prices but quicker sales activity.
Top takeaways
- Median sale price was $290K in January 2026, down 10.7% from a year earlier.
- Homes sold in a median 38 days, significantly faster than last year.
- 25 homes closed in January, matching the same month in 2025.
Market snapshot
According to Redfin, the median sale price in January was $290,000. While that marks a double-digit decline from a year ago, the pace of sales improved, with days on market cut roughly in half compared to last winter.
Statewide, Kansas home prices were up 6.4% year over year in January, suggesting Lawrence is tracking differently than some other metros. Zillow data published in February also points to modest annual value growth in parts of the city, highlighting variation by neighborhood and property type.
Affordability remains a local concern. Recent reporting from KSHB notes that home prices in Lawrence have risen far faster than incomes since 2018, a gap city leaders continue to study.
What’s for sale now
Active listings range from condos and townhomes near downtown to larger single-family homes on the city’s west side. Recent market overviews show average list prices in the upper $300Ks, though entry-level options can still be found below the metro’s median.
Inventory remains limited compared to pre-2020 norms, keeping competition steady for well-priced homes.
Outlook
With homes selling faster but at lower median prices than a year ago, Lawrence appears to be in a recalibration phase rather than a sharp downturn. Spring listings will be a key indicator of whether inventory expands or buyer competition intensifies.
What are you seeing in your neighborhood — more price cuts, or multiple-offer situations?
Sources
https://www.redfin.com/city/9865/KS/Lawrence/housing-market
https://www.zillow.com/noria-lawrence-ks/home-values/
https://www.kshb.com/news/local-news/lawrence-home-prices-grew-23-times-faster-than-incomes-in-7-years-city-wants-public-feedback
https://www.homes.com/lawrence-ks/newest/
https://www.redfin.com/state/Kansas/housing-market