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 June 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

$389,967

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$13,191(+3.5%)

Key Takeaway

Homes in Lawrenceville have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Lawrenceville was $389,967 in June 2024, up 3.5% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $150K-
N/A
2 $271.5K$286K
+5.3%
3 $335K$349.9K
+4.5%
4 $400K$413.3K
+3.3%
5+ $476.1K$500K
+5.0%

Summary: Lawrenceville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Lawrenceville
+3.5%
Snellville-Grayson
+1.5%

Housing Supply in Lawrenceville, GA

How many homes are available in Lawrenceville, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,1571,138-1.6%

Summary: The Lawrenceville real estate market had 1,138 homes for sale in June 2024, a 1.6% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 3934
-12.8%
3 418411
-1.7%
4 428408
-4.7%
5+ 272284
+4.4%

Summary: The Lawrenceville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 4.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
372244-34.4%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

84 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. 44.2% of homes here sold below asking price last month.

Summary: A total of 244 homes were sold or pending in Lawrenceville in June 2024, down by 34.4% month-over-month. Of the 240 sold homes, 44% were sold under asking, 21% were sold at asking, and 35% 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

Jun 2023Jun 2024CHANGE
18 Days22 Days+21.0%

Summary: Homes in Lawrenceville had an average of 22 days on market in Jun 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

181 Homes Were Sold
Under 30 Days

51 Homes Were Sold
In 30 - 90 Days

12 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 June 2024, 244 homes were sold in Lawrenceville; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% 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 26 Days Ago

Newest Listings in Lawrenceville, GA

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