Is Upper Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Upper Lawrenceville was a Seller's Market.
Housing Prices in Upper Lawrenceville, PA
How much do homes in Upper Lawrenceville, PA cost?
Median Sold Price
$300,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Lawrenceville was $300,000 in May 2024, down 9.1% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.5K | - | N/A |
2 Bedrooms | $258K | $257K | -0.4% |
3 Bedrooms | $435K | $390K | -10.3% |
4 Bedrooms | $404.5K | $699K | +72.8% |
5+ Bedrooms | - | - | N/A |
Summary: Upper Lawrenceville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 72.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central Lawrenceville | $357K | $460K | +28.8% |
Morningside | $280K | $339.7K | +21.3% |
Stanton Heights | $237.5K | $269.1K | +13.3% |
Lawrenceville | $359.5K | $389.9K | +8.4% |
Upper Lawrenceville | $330K | $300K | -9.1% |
Housing Supply in Upper Lawrenceville, PA
How many homes are available in Upper Lawrenceville, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Summary: The Upper Lawrenceville real estate market had 41 homes for sale in May 2024, a 32.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Upper Lawrenceville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Upper Lawrenceville in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
94 Days | 144 Days | +53.1% |
Summary: Homes in Upper Lawrenceville had an average of 144 days on market in May 2024, up by 53.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Upper Lawrenceville; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.