The Lawndale real estate market returned to it’s more normal busy summer selling mode in July with the 2nd straight month of big home sale number. There were 14 homes that closed escrow during July and the pending home sales indicate an even bigger August. July saw 18 homes go into escrow during the month so we anticipate a similar number of sales in August which would be one of the biggest months in the last few years.
June 2020 was a busier month after very slow April and May. June saw 12 homes sell and close escrow which was the highest number of sold homes in quite a while. To see the past 15 months of home sales visit our recent Lawndale real estate market trends and statistics post.
May was a slow month for home sales in Lawndale, CA but certainly not nearly as slow as some other nearby cities and communities. There were 5 on market home sales during the month.
Lawndale home sales and prices for April 2020 - real estate market update
The April numbers are in and, not surprisingly, it was a slow month for real estate and home sales in Lawndale CA. We saw only 5 home sales in April compared with 9 sales in April 2019. The median list price was $700,000 with the median “sold” price at $725,000 meaning that homes sold well higher than the asking price indicating a strong sellers market even with the coronavirus slow down.
Home For Sale in April 2020: 16 • Up 6.7% compared to last month • Up 33.3% compared to last year
Home Closed in April 2020: 5. • Down 61.5% compared to last month • Down 44.4% compared to last year
Home Placed under Contract in April 2020: 7. • Up 75% compared to last month • Down 41.7% compared to last year
January was a slow month for home sales in Lawndale CA with only 5 home sales during the month which is quite a bit below the norm. The median list price was $650,000 with the median sales price of $680,000 indicating a market very favorable for home sellers. The median price per foot for the month was $605.52. Click to view the current homes for sale in Lawndale.
Lawndale saw a solid year in real estate in 2019 with 126 on market home sales during the course of the year. The median list price was $599,000 with a median sales price of $599,950 indicating that, in general, homes sold higher than the prices they were initially listed for indicating a very strong sellers market.