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Our Lawrence, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Lawrence as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Lawrence, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Lawrence MA Community Profile & History
Lawrence, Massachusetts is an old, urban, industrialized city whose history parallels that of the country as a whole. Originally a rural farming town, the city was transformed into a major industrial center when Boston entrepreneurs developed huge textile mills on the Merrimack River to use the power of its water falls.
The mill owners built canals, a dam and a reservoir, boarding houses and a machine shop for locomotives, creating one of the first industrial complexes in the country. Employees came first from other parts of New England to work in the mills; for the past 150 years, however, Lawrence has proudly served as an entry point to immigrants. By the turn of the century, Irish, Polish, Italian, Syrian and French-Canadians were following jobs to Lawrence and setting a standard of proud diversification for the city which is maintained to this day with newcomers from the Dominican Republic, Puerto Rico, Vietnam and Cambodia.
Despite the huge technological changes over the years, the manufacture of textiles and of men's and women's clothing is still central to Lawrence's economy; some of the finest names in apparel are made in the city. City planners are working to broaden the city's industrial and business base and diversify.
Lawrence Massachusetts Community Information
Lawrence Community Demographics and Local Resources
Request a Market Analysis on a Home in Lawrence
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Lawrence, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Lawrence Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 95 210 $246860 $115000 $247950 $420000 |
2007 132 159 $214510 $85000 $215000 $345000 |
2008 141 197 $166339 $24000 $165000 $312875 |
2009 103 182 $145232 $18900 $155000 $280500 |
2010 87 176 $159110 $25500 $165250 $295000 |
Average Selling Price of Single Family Homes in Lawrence
| 2006 |  $246860 | |
| 2007 | $214510 | |
| 2008 | $166339 | |
| 2009 | $145232 | |
| 2010 | $159110 |
Lawrence Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 75 129 $153403 $55000 $156000 $215000 |
2007 129 60 $151507 $53000 $152500 $226000 |
2008 170 62 $ $11000 $80750 $217000 |
2009 161 67 $64667 $15000 $55000 $179900 |
2010 108 78 $69031 $114 $57000 $200000 |
Average Selling Price of Condominiums in Lawrence
| 2006 | $153403 | |
| 2007 | $151507 | |
| 2009 | $64667 | |
| 2010 | $69031 |