Is Lawrenceville, PA 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, Lawrenceville was a Neutral Market.
Key Takeaway
Lawrenceville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawrenceville, PA
How much do homes in Lawrenceville, PA cost?
Median Sold Price
$379,500
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lawrenceville have sold for 4% more than they did a year ago.
Summary: The median home sold price in Lawrenceville was $379,500 in March 2024, up 4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $429.6K | $274.5K | -36.1% |
| 2 Bedrooms | $270.5K | $300K | +10.9% |
| 3 Bedrooms | $445K | $465K | +4.5% |
| 4 Bedrooms | $532.5K | $588K | +10.4% |
| 5+ Bedrooms | $319.2K | $475K | +48.8% |
Summary: Lawrenceville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 48.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Lawrenceville | $347.5K | $402.5K | +15.8% |
| Stanton Heights | $230K | $261.2K | +13.6% |
| Garfield | $227.5K | $239.9K | +5.5% |
| Lawrenceville | $365K | $379.5K | +4.0% |
| Upper Lawrenceville | $340K | $319.5K | -6.0% |
Housing Supply in Lawrenceville, PA
How many homes are available in Lawrenceville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 99 | 109 | +10.1% |
Summary: The Lawrenceville real estate market had 109 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 27 | 30 | +11.1% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lawrenceville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrenceville, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Lawrenceville in March 2024, up by 18.8% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 81 Days | +13.8% |
Summary: Homes in Lawrenceville had an average of 81 days on market in Mar 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lawrenceville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 19 homes were sold in Lawrenceville; 32% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
