Is Lawrenceville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lawrenceville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $264K | $280K | +6.1% |
3 Bedrooms | $333K | $346.6K | +4.1% |
4 Bedrooms | $400K | $405K | +1.3% |
5+ Bedrooms | $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 | $375K | $384.3K | +2.5% |
Snellville-Grayson | $383.4K | $387.5K | +1.1% |
Housing Supply in Lawrenceville, GA
How many homes are available in Lawrenceville, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
833 | 942 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 32 | +6.7% |
3 Bedrooms | 306 | 334 | +9.2% |
4 Bedrooms | 295 | 334 | +13.2% |
5+ Bedrooms | 202 | 242 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
227 | 216 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 25 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
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.