$4,334 Closing Credit*
$365,000
2,576 SqFt
3 Beds
•2 Full Baths, 1 Partial
Krista Sipos, Listing Office: Park Place Realty Group Llc
Is Lawrence, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lawrence was a Neutral Market.
Key Takeaway
Lawrence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawrence, PA
How much do homes in Lawrence, PA cost?
Median Sold Price
$281,750
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,300(+9.4%)
Key Takeaway
Homes in Lawrence have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Lawrence was $281,750 in October 2024, up 9.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $228.5K | $242.5K | +6.1% |
| 3 Bedrooms | $264.9K | $281.7K | +6.3% |
| 4 Bedrooms | - | $440K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lawrence 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 6.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Fayette Township | $324.4K | $369.9K | +14.0% |
| Lawrence | $257.4K | $281.7K | +9.4% |
| Peters Township | $460K | $500K | +8.7% |
| Cecil Township | $355K | $360K | +1.4% |
Housing Supply in Lawrence, PA
How many homes are available in Lawrence, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Lawrence real estate market had 6 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lawrence 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence, 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 Lawrence in October 2024, down by 33.3% 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 Lawrence, PA
How long does it take to sell a home in Lawrence, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 64 Days | +130.4% |
Summary: Homes in Lawrence had an average of 64 days on market in Oct 2024, up by 130.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lawrence has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Lawrence; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
