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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrence Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lawrence Township has remained a Seller's Market.

Key Takeaway

Lawrence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lawrence Township, PA

How much do homes in Lawrence Township, PA cost?

Median Sold Price

$290,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,550(+12.6%)

Key Takeaway

Homes in Lawrence Township have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Lawrence Township was $290,000 in November 2024, up 12.6% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $232K$255K
+9.9%
3 $269.9K$281.7K
+4.4%
4 -$440K
N/A
5+ --
N/A

Summary: Lawrence Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lawrence Township, PA

How many homes are available in Lawrence Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The Lawrence Township real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 56
+20.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Lawrence Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrence Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lawrence Township in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lawrence Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days16 Days0.0%

Summary: Homes in Lawrence Township had an average of 16 days on market in Nov 2024, the same as 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 Lawrence Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Lawrence Township; 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 21 Days Ago

Newest Listings in Lawrence Township, PA

Nearby Markets to Lawrence Township, PA