Market Intelligence Report — KS-940

Lawrence, KS

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-KS-05
As of the latest 2026 data
Very Competitive

Median Listing

$450K
+12.9% YoY

Pending Ratio

0.89
-18.5% YoY

Active Inventory

224
+24.4% YoY

Median DOM

37 Days
+15.6% YoY

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The Lawrence, KS market in May 2026 is categorized as Very Competitive, with a pending ratio of 0.89 indicating strong demand relative to available inventory. Despite a MoM decline of 4.0% in the median listing price, the market remains robust with a YoY price appreciation of 12.9%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Lawrence market right now.

Active listings increased by 24.4% year-over-year to 224, while new listings saw a decline of 5.0% over the same period. The median days on market rose by 15.6% YoY to 37 days, suggesting a slightly slower absorption pace compared to the previous year. The pending ratio experienced a notable YoY decrease of 18.5%, yet remains elevated.

Historical Analysis

Market Trends

Median Price

$450K-4.0% MoM

Active Inventory

224+24.4% YoY

Days on Market

37+15.6% YoY

Sold Score™

67-18.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

67
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The high pending ratio of 0.89 suggests that buyers face a market with limited available options, leading to quicker absorption of new listings. While increased days on market and a higher price-reduced share (14.8%) might indicate some pricing adjustments, the overall demand pressure requires disciplined offers to secure properties.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

224 active listings represent the current floor, with new supply arriving at roughly 152 per month.

Pricing Pressure
14.8%

of active listings carry a price reduction, +4.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.6% year-over-year.

Absorption
0.89

Pending-to-active ratio — Very Competitive.

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Metro Demographics

Metro Area
Lawrence, KS
CBSA Code
29940
State
KS