Lawrence County home listings asked for less money in May - see the current median price here
The median home in Lawrence County listed for $106,950 in May, down 10.5% from the previous month's $119,450, an analysis of data from Realtor.com shows.
Compared to May 2024, the median home list price decreased 32.6% from $159,900.
The statistics in this article only pertain to houses listed for sale in Lawrence County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.ellwoodcityledger.com.
Lawrence County's median home was 1,459 square feet, listed at $72 per square foot. The price per square foot of homes for sale is down 29% from May 2024.
Listings in Lawrence County moved steadily, at a median 65 days listed compared to the May national median of 51 days on the market. In the previous month, homes had a median of 60 days on the market. Around 72 homes were newly listed on the market in May, a 9.1% increase from 66 new listings in May 2024.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
In Pennsylvania, median home prices were $325,000, a slight increase from April. The median Pennsylvania home listed for sale had 1,708 square feet, with a price of $196 per square foot.
Throughout the United States, the median home price was $440,000, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $234 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Ellwood City Ledger: Lawrence County home listings asked for less money in May - see the current median price here
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