Is Upper Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Upper Lawrenceville was a Seller's Market.
Key Takeaway
Upper Lawrenceville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Upper Lawrenceville, PA
How much do homes in Upper Lawrenceville, PA cost?
Median Sold Price
$317,250
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Lawrenceville have sold for 6% less than they did a year ago.
Summary: The median home sold price in Upper Lawrenceville was $317,250 in April 2024, down 6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.5K | - | N/A |
| 2 Bedrooms | $258K | $241K | -6.6% |
| 3 Bedrooms | $452.5K | $394.4K | -12.8% |
| 4 Bedrooms | $370K | $569K | +53.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Upper 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 6.6%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Morningside | $280K | $330K | +17.9% |
| Central Lawrenceville | $350K | $410K | +17.1% |
| Lawrenceville | $352.5K | $390K | +10.6% |
| Stanton Heights | $238K | $260.5K | +9.5% |
| Upper Lawrenceville | $337.5K | $317.2K | -6.0% |
Housing Supply in Upper Lawrenceville, PA
How many homes are available in Upper Lawrenceville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The Upper Lawrenceville real estate market had 33 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Upper Lawrenceville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Lawrenceville, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Upper Lawrenceville in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Upper Lawrenceville, PA
How long does it take to sell a home in Upper Lawrenceville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -15.8% |
Summary: Homes in Upper Lawrenceville had an average of 23 days on market in Apr 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Lawrenceville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Upper Lawrenceville; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
