Is Lawrence Township, OH 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 Township has remained a Seller's Market.
Housing Prices in Lawrence Township, OH
How much do homes in Lawrence Township, OH cost?
Median Sold Price
$235,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrence Township was $235,000 in May 2024, up 2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $141.9K | $180K | +26.8% |
3 Bedrooms | $230.5K | $236.5K | +2.6% |
4 Bedrooms | $250K | $245K | -2.0% |
5+ Bedrooms | $349.9K | $365K | +4.3% |
Summary: Lawrence Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Clinton | $254.9K | $270K | +5.9% |
Lawrence Township | $230.5K | $235K | +2.0% |
Baughman Township | $238.9K | $237.5K | -0.6% |
Canal Fulton | $260K | $245K | -5.8% |
North Lawrence | $295.7K | $233.7K | -21.0% |
Housing Supply in Lawrence Township, OH
How many homes are available in Lawrence Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 38 | -7.3% |
Summary: The Lawrence Township real estate market had 38 homes for sale in May 2024, a 7.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 28 | 25 | -10.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lawrence Township 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 remained the same, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lawrence Township in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Lawrence Township, OH
How long does it take to sell a home in Lawrence Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 35 Days | +95.6% |
Summary: Homes in Lawrence Township had an average of 35 days on market in May 2024, up by 95.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Lawrence Township; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.