Is Lawndale, CA 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.
Housing Prices in Lawndale, CA
How much do homes in Lawndale, CA cost?
Median Sold Price
$815,000
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lawndale was $815,000 in April 2024, up 6.2% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $369K | +1.1% |
2 Bedrooms | $559K | $627K | +12.2% |
3 Bedrooms | $779.5K | $830K | +6.5% |
4 Bedrooms | $856.5K | $875K | +2.2% |
5+ Bedrooms | $1.0M | $1.1M | +8.3% |
Summary: Lawndale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Lawndale | $767.5K | $815K | +6.2% |
Redondo Beach | $1.4M | $1.4M | +2.8% |
Hawthorne | $872.5K | $870K | -0.3% |
South Bay Cities | $1.7M | $1.7M | -2.1% |
Torrance | $1.0M | $1.0M | -6.4% |
Housing Supply in Lawndale, CA
How many homes are available in Lawndale, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 25 | -16.7% |
Summary: The Lawndale real estate market had 25 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lawndale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lawndale in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Lawndale, CA
How long does it take to sell a home in Lawndale, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -27.9% |
Summary: Homes in Lawndale had an average of 25 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Lawndale; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.