Is Lawrenceville, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawrenceville is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Lawrenceville, GA

How much do homes in Lawrenceville, GA cost?

Median Sold Price

$384,302

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,302(+2.5%)

Key Takeaway

Homes in Lawrenceville have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Lawrenceville was $384,302 in March 2024, up 2.5% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $150K-
N/A
2 $264K$280K
+6.1%
3 $333K$346.6K
+4.1%
4 $400K$405K
+1.3%
5+ $487.4K$489.6K
0.5%

Summary: Lawrenceville housing prices by bedroom type for March 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 4.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Lawrenceville
+2.5%
Snellville-Grayson
+1.1%

Housing Supply in Lawrenceville, GA

How many homes are available in Lawrenceville, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
833942+13.1%

Summary: The Lawrenceville real estate market had 942 homes for sale in March 2024, a 13.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3032
+6.7%
3 306334
+9.2%
4 295334
+13.2%
5+ 202242
+19.8%

Summary: The Lawrenceville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 19.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
227216-4.8%

Asking Price vs. Sold Price

80 Homes Were Sold
Under Asking

58 Homes Were Sold
At Asking

66 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawrenceville, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.

Summary: A total of 216 homes were sold or pending in Lawrenceville in March 2024, down by 4.8% month-over-month. Of the 204 sold homes, 39% were sold under asking, 28% were sold at asking, and 32% were sold over asking.

Days on Market for Lawrenceville, GA

How long does it take to sell a home in Lawrenceville, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days25 Days-43.4%

Summary: Homes in Lawrenceville had an average of 25 days on market in Mar 2024, down by 43.4% compared to last year.

Breakdown of Home Sale Times

157 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 216 homes were sold in Lawrenceville; 73% of homes were sold within 30 days, 19% 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 18 Days Ago

Newest Listings in Lawrenceville, GA

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