Is Lawrence, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lawrence was a Neutral Market.
Housing Prices in Lawrence, NY
How much do homes in Lawrence, NY cost?
Median Sold Price
$540,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lawrence was $540,000 in May 2024, down 12.1% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $260K | -3.7% |
2 Bedrooms | $405K | $310K | -23.5% |
3 Bedrooms | $697K | $675K | -3.2% |
4 Bedrooms | $969K | $742K | -23.4% |
5+ Bedrooms | $1.4M | $1.8M | +30.9% |
Summary: Lawrence housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
Cedarhurst | $738K | $947.5K | +28.4% |
Long Beach | $665K | $660.6K | -0.7% |
Lawrence | $614.5K | $540K | -12.1% |
Housing Supply in Lawrence, NY
How many homes are available in Lawrence, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 56 | +21.7% |
Summary: The Lawrence real estate market had 56 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 5 | 12 | +140.0% |
5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Lawrence 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 increased by 8.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 140%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lawrence in May 2024, down by 60.0% month-over-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, NY
How long does it take to sell a home in Lawrence, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 61 Days | -19.2% |
Summary: Homes in Lawrence had an average of 61 days on market in May 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Lawrence; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.