Is Lawndale, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawndale is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lawndale was a Seller's Market.

Key Takeaway

Lawndale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lawndale, PA

How much do homes in Lawndale, PA cost?

Median Sold Price

$268,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,050(+7.2%)

Key Takeaway

Homes in Lawndale have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Lawndale was $268,000 in October 2024, up 7.2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $222.5K$255K
+14.6%
3 $242.9K$260K
+7.0%
4 $275K$322.5K
+17.3%
5+ $265K$280K
+5.7%

Summary: Lawndale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Neighborhoods

Cheltenham
+22.3%
Lawndale
+7.2%
Oxford Circle
+6.7%
Fox Chase
+1.7%

Housing Supply in Lawndale, PA

How many homes are available in Lawndale, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1217+41.7%

Summary: The Lawndale real estate market had 17 homes for sale in October 2024, a 41.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 813
+62.5%
4 32
-33.3%
5+ 11
0.0%

Summary: The Lawndale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawndale, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lawndale in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lawndale, PA

How long does it take to sell a home in Lawndale, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days14 Days-44.2%

Summary: Homes in Lawndale had an average of 14 days on market in Oct 2024, down by 44.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lawndale are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Lawndale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Lawndale, PA

Nearby Markets to Lawndale, PA