Is Lower 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, Lower Lawrenceville has remained a Seller's Market.
Key Takeaway
Lower Lawrenceville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Lawrenceville, PA
How much do homes in Lower Lawrenceville, PA cost?
Median Sold Price
$407,500
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Lawrenceville have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Lower Lawrenceville was $407,500 in April 2024, down 4.1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $479.4K | - | N/A |
| 2 Bedrooms | $350K | $345.2K | -1.4% |
| 3 Bedrooms | $424.9K | $465K | +9.4% |
| 4 Bedrooms | $800K | $542K | -32.3% |
| 5+ Bedrooms | $287.4K | - | N/A |
Summary: Lower Lawrenceville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 32.3%, 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% |
| Bloomfield | $310K | $320K | +3.2% |
| Lower Lawrenceville | $425K | $407.5K | -4.1% |
Housing Supply in Lower Lawrenceville, PA
How many homes are available in Lower Lawrenceville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Lower Lawrenceville real estate market had 28 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Lawrenceville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Lawrenceville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lower Lawrenceville in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Lower Lawrenceville, PA
How long does it take to sell a home in Lower Lawrenceville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 232 Days | 34 Days | -85.1% |
Summary: Homes in Lower Lawrenceville had an average of 34 days on market in Apr 2024, down by 85.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Lawrenceville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Lower Lawrenceville; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
