Compare: Massachusetts vs Lawrence

Home Values in Massachusetts and Lawrence

Massachusetts
vsLawrence
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Zillow Home Value Index
Mid-point of Zestimate valuations for Massachusetts. Half the Zestimates are above this number and half are below it.
$292,600vs$158,700
1-Year Change+4.7%vs+2.3%
Median List Price$345,000vs$164,900
Median Sale Price$307,300vs$181,200
Total Homes Sold in May15650 homes vs54 homes
Massachusetts tends to be more expensive for home buyers than Lawrence, MA. During the last year, Massachusetts home values have risen by 4.7%, while Lawrence home values have risen by 2.3%. The median sale price in Massachusetts is $307,300, but the median listing price was $345,000, a 10.9% discount. Meanwhile in Lawrence, the median selling price is $181,200, and the starting price had a median of $164,900, a 9.9% increase. In May, Massachusetts home sellers managed to move 15650 houses, while Lawrence saw 54 transactions.

Demographics in Massachusetts and Lawrence

Massachusetts
vsLawrence
Population6,016,424vs76,729
Median Household Income$53,250vs$27,983
Median Age37vs31
Homes with Kids29.7%vs30.9%
Average Household Size2.5vs2.9
Average Commute Time (Minutes)28vs23
At $27,983, the median income in Lawrence is $25,267 less than in Massachusetts, and $16,529 lower than the national average. Massachusetts has an older median age, at 37, compared to 31 in Lawrence, and a longer average commute. The average commute in Lawrence is 23 minutes and the average commute in Massachusetts is 28 minutes.

Homes for Sale in Massachusetts and Lawrence

Massachusetts vs Lawrence

Why is Massachusetts more expensive than Lawrence?

Massachusetts

Map of Massachusetts
Massachusetts is a state in US with a population of 6,016,424. The median household income is $53,250.

Lawrence, MA

Map of Lawrence, MA
Lawrence is a city in Essex county, MA with a population of 76,729. The median household income is $27,983.