Is Lambertville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lambertville was a Seller's Market.
Key Takeaway
Lambertville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lambertville, NJ
How much do homes in Lambertville, NJ cost?
Median Sold Price
$573,702
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lambertville have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Lambertville was $573,702 in March 2024, up 11.4% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $626.2K | +160.9% |
| 2 Bedrooms | $405K | $474.4K | +17.1% |
| 3 Bedrooms | $482.5K | $535K | +10.9% |
| 4 Bedrooms | $696K | $750K | +7.8% |
| 5+ Bedrooms | $675K | $1.0M | +56.3% |
Summary: Lambertville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 160.9%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 56.3%.
Median Sold Price Compared To Nearby Cities
| West Amwell Township | $483K | $615K | +27.3% |
| Lambertville | $515K | $573.7K | +11.4% |
Housing Supply in Lambertville, NJ
How many homes are available in Lambertville, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 67 | +6.3% |
Summary: The Lambertville real estate market had 67 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lambertville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lambertville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lambertville in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lambertville, NJ
How long does it take to sell a home in Lambertville, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 25 Days | -59.9% |
Summary: Homes in Lambertville had an average of 25 days on market in Mar 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lambertville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Lambertville; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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