Is Lawrence County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence County is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Lawrence County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lawrence County, PA

How much do homes in Lawrence County, PA cost?

Median Sold Price

$154,850

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$14,743(+10.5%)

Key Takeaway

Homes in Lawrence County have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Lawrence County was $154,850 in December 2024, up 10.5% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $30.4K$64.9K
+113.5%
2 $115K$125K
+8.7%
3 $140.8K$155.2K
+10.2%
4 $170.5K$229K
+34.3%
5+ $280K$227.5K
-18.8%

Summary: Lawrence County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Counties

Mahoning County
+14.0%
Mercer County
+12.6%
Lawrence County
+10.5%
Beaver County
+8.1%
Butler County
+6.0%

Housing Supply in Lawrence County, PA

How many homes are available in Lawrence County, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
408379-7.1%

Summary: The Lawrence County real estate market had 379 homes for sale in December 2024, a 7.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 75
-28.6%
2 8889
+1.1%
3 218200
-8.3%
4 7768
-11.7%
5+ 1817
-5.6%

Summary: The Lawrence County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
7060-14.3%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer65%22%13%

Key Takeaway

If you're buying a home in Lawrence County, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Lawrence County in December 2024, down by 14.3% month-over-month. Of the 60 sold homes, 65% were sold under asking, 13% 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

Dec 2023Dec 2024CHANGE
45 Days41 Days-9.1%

Summary: Homes in Lawrence County had an average of 41 days on market in Dec 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times48%43%8%

Key Takeaway

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

Summary: During December 2024, 60 homes were sold in Lawrence County; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 8% 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 8 Days Ago

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