Is Lawrence County, PA 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, Lawrence County has remained a Seller's Market.
Key Takeaway
Lawrence County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawrence County, PA
How much do homes in Lawrence County, PA cost?
Median Sold Price
$144,828
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lawrence County have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Lawrence County was $144,828 in March 2024, up 3.1% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $46.4K | +54.8% |
| 2 Bedrooms | $98.7K | $115K | +16.5% |
| 3 Bedrooms | $153K | $148K | -3.3% |
| 4 Bedrooms | $185K | $180.2K | -2.6% |
| 5+ Bedrooms | $190.4K | $302.5K | +58.8% |
Summary: Lawrence County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.8%, 2 bedroom homes increased by 16.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 58.8%.
Median Sold Price Compared To Nearby Counties
| Mercer County | $140.1K | $153.9K | +9.9% |
| Mahoning County | $142.6K | $155.6K | +9.2% |
| Butler County | $308.8K | $331.3K | +7.3% |
| Lawrence County | $140.4K | $144.8K | +3.1% |
| Beaver County | $179.3K | $181.1K | +1.0% |
Housing Supply in Lawrence County, PA
How many homes are available in Lawrence County, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 346 | 372 | +7.5% |
Summary: The Lawrence County real estate market had 372 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 75 | 87 | +16.0% |
| 3 Bedrooms | 190 | 204 | +7.4% |
| 4 Bedrooms | 61 | 61 | 0.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Lawrence County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 68 | +41.7% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrence County, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Lawrence County in March 2024, up by 41.7% month-over-month. Of the 68 sold homes, 44% were sold under asking, 24% were sold at asking, and 32% were sold over asking.
Days on Market for Lawrence County, PA
How long does it take to sell a home in Lawrence County, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 54 Days | -42.5% |
Summary: Homes in Lawrence County had an average of 54 days on market in Mar 2024, down by 42.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawrence County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 68 homes were sold in Lawrence County; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.