Is Lawrenceville, PA 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, Lawrenceville has remained a Seller's Market.
Housing Prices in Lawrenceville, PA
How much do homes in Lawrenceville, PA cost?
Median Sold Price
$390,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lawrenceville was $390,000 in April 2024, up 10.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $382.3K | $274.5K | -28.2% |
2 Bedrooms | $268.7K | $301.5K | +12.2% |
3 Bedrooms | $440K | $490K | +11.4% |
4 Bedrooms | $515K | $615.5K | +19.5% |
5+ Bedrooms | $351K | - | N/A |
Summary: Lawrenceville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.2%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central Lawrenceville | $350K | $410K | +17.1% |
Lawrenceville | $352.5K | $390K | +10.6% |
Stanton Heights | $238K | $260.5K | +9.5% |
Garfield | $215.5K | $230K | +6.7% |
Upper Lawrenceville | $337.5K | $317.2K | -6.0% |
Housing Supply in Lawrenceville, PA
How many homes are available in Lawrenceville, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 109 | +5.8% |
Summary: The Lawrenceville real estate market had 109 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 53 | 52 | -1.9% |
4 Bedrooms | 15 | 22 | +46.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lawrenceville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Lawrenceville in April 2024, up by 10.0% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.
Days on Market for Lawrenceville, PA
How long does it take to sell a home in Lawrenceville, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 56 Days | +6.7% |
Summary: Homes in Lawrenceville had an average of 56 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Lawrenceville; 59% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.