Is Lawndale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lawndale has remained a Seller's Market.
Key Takeaway
Lawndale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawndale, PA
How much do homes in Lawndale, PA cost?
Median Sold Price
$250,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lawndale have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Lawndale was $250,000 in April 2024, down 1.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $252.5K | +29.5% |
| 3 Bedrooms | $250.4K | $240K | -4.2% |
| 4 Bedrooms | $276K | $299.2K | +8.4% |
| 5+ Bedrooms | $300K | $250K | -16.7% |
Summary: Lawndale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Burholme | $264.9K | $300.5K | +13.4% |
| Fox Chase | $314.5K | $325K | +3.3% |
| Oxford Circle | $227.6K | $226K | -0.7% |
| Lawndale | $253K | $250K | -1.2% |
| Cheltenham | $374.9K | $359K | -4.3% |
Housing Supply in Lawndale, PA
How many homes are available in Lawndale, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Lawndale real estate market had 13 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lawndale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawndale, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Lawndale in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lawndale, PA
How long does it take to sell a home in Lawndale, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 5 Days | -76.0% |
Summary: Homes in Lawndale had an average of 5 days on market in Apr 2024, down by 76% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawndale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Lawndale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
