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New Construction Homes for Sale in Lawrence, MA

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    $3,200,000 Lot/Land

    71-75 Common St, Lawrence, MA 01840

    • 0.56 Acre
    • $5,714,286 per Acre

    Northmarq is pleased to present the ICONO Development, a fully approved residentialdevelopment opportunity located at 71–75 Common Street and 37 Newbury Street in the heart ofdowntown Lawrence, Massachusetts. The project is approved for the construction of 60 market-rateresidential units set above a 55-car structured garage, combining modern design with functionalityto meet the growing demand for

    Michael Chase James M. Murphy

    71-75 Common St, Lawrence, MA 01840

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Lawrence, MA usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Lawrence, MA hold their value?
Yes, especially in fast-growing areas of Lawrence, MA. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Lawrence, MA

Housing Trends

Median Sale Price
$501,000
Median Single Family Sale Price
$540,000
Median Townhouse Sale Price
$490,000
Median 2 Bedroom Sale Price
$300,000
Median 1 Bedroom Sale Price
$197,000
Average Price Per Sq Ft
$348
Number of Homes for Sale
14
Last 12 months Home Sales
170
Months of Supply
1.00
Median List Price
$479,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
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