Is Lawrence, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lawrence has remained a Buyer's Market.
Housing Prices in Lawrence, NY
How much do homes in Lawrence, NY cost?
Median Sold Price
$596,625
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lawrence was $596,625 in June 2024, up 13.6% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $195K | -27.8% |
2 Bedrooms | $405K | $310K | -23.5% |
3 Bedrooms | $649K | $750K | +15.6% |
4 Bedrooms | $959.5K | $799K | -16.7% |
5+ Bedrooms | $1.5M | $1.9M | +28.3% |
Summary: Lawrence housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Cedarhurst | $850K | $972K | +14.4% |
Lawrence | $525K | $596.6K | +13.6% |
Long Beach | $671.5K | $672.5K | 0.1% |
Housing Supply in Lawrence, NY
How many homes are available in Lawrence, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
56 | 60 | +7.1% |
Summary: The Lawrence real estate market had 60 homes for sale in June 2024, a 7.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The Lawrence housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lawrence in June 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
35 Days | 90 Days | +153.6% |
Summary: Homes in Lawrence had an average of 90 days on market in Jun 2024, up by 153.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Lawrence; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.