Home prices in Lawrence County saw an increase in September!
According to newly released data from Realtor.com, the median price for homes sold was $139,000—up 13.5% from August, when the median was $122,500.
However, compared to the same time last year (September 2023), prices have dropped by 8.1% from $151,200.
These numbers are based on sales data from real estate deeds, so there may be a slight delay in the information.
The data doesn’t include homes still for sale, so it’s a reflection of actual sales only.
Breaking Down the Numbers:
- Single-family homes: The median sale price in September was $132,500, which is a 9.5% increase from August’s $121,000. However, it’s 12.4% lower than the price a year ago, which was $151,200.
- Condominiums and townhomes: These homes saw a bigger jump in September, with prices rising 7.1% from $200,700 to $215,000. Compared to September 2023, the price for condos and townhomes went up by a huge 44.4%, from $148,850.
No homes in these categories sold for $1 million or more during September.
Fewer Homes Are Selling
Even though prices are going up, fewer homes are being sold. In September, 85 homes were sold in Lawrence County, a drop of 15% from last year’s 100 sales.
Pennsylvania Housing Market
Looking at the whole state of Pennsylvania, the median sales price for homes in September was $270,000—down 3.6% from August.
Statewide, the number of homes sold dropped just slightly by 0.9%, from 11,645 sales in September 2023 to 11,537 sales this year.
Key Takeaways:
- Lawrence County is seeing rising home prices, with single-family homes and condos both increasing.
- However, the number of homes being sold is going down.
- Compared to last year, home prices are still lower in some areas, but prices have been climbing steadily.
Want to know more about home prices in your area? Stay tuned for more updates!