Is Lawrence County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lawrence County has remained a Seller's Market.
Housing Prices in Lawrence County, PA
How much do homes in Lawrence County, PA cost?
Median Sold Price
$149,977
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrence County was $149,977 in May 2024, up 3.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $34.9K | $64.9K | +86.2% |
2 Bedrooms | $105.6K | $116.4K | +10.2% |
3 Bedrooms | $154.8K | $150.7K | -2.7% |
4 Bedrooms | $182.7K | $181.2K | -0.8% |
5+ Bedrooms | $175K | $275K | +57.1% |
Summary: Lawrence County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.2%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 57.1%.
Median Sold Price Compared To Nearby Counties
Mahoning County | $143.7K | $157.6K | +9.7% |
Mercer County | $140.6K | $151.3K | +7.6% |
Butler County | $319.9K | $333.2K | +4.2% |
Lawrence County | $144.6K | $149.9K | +3.7% |
Beaver County | $180K | $181.7K | +1.0% |
Housing Supply in Lawrence County, PA
How many homes are available in Lawrence County, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
354 | 374 | +5.6% |
Summary: The Lawrence County real estate market had 374 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 80 | 82 | +2.5% |
3 Bedrooms | 189 | 194 | +2.6% |
4 Bedrooms | 64 | 77 | +20.3% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Lawrence County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Lawrence County in May 2024, up by 16.9% month-over-month. Of the 69 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Lawrence County, PA
How long does it take to sell a home in Lawrence County, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 65 Days | +6.9% |
Summary: Homes in Lawrence County had an average of 65 days on market in May 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 69 homes were sold in Lawrence County; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.