$10,000 Closing Credit*
$900,000
3,052 SqFt
6 Beds
•4 Full Baths
Kaedi Knepshield, Listing Office: Piatt Sotheby'S International Realty
Is Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lawrenceville was a Seller's Market.
Key Takeaway
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 Lawrenceville, PA
How much do homes in Lawrenceville, PA cost?
Median Sold Price
$393,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,550(+7.0%)
Key Takeaway
Homes in Lawrenceville have sold for 7% more than they did a year ago.
Summary: The median home sold price in Lawrenceville was $393,000 in November 2024, up 7% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $267.5K | +0.6% |
| 2 Bedrooms | $279K | $299K | +7.2% |
| 3 Bedrooms | $425K | $465K | +9.4% |
| 4 Bedrooms | $561.5K | $575K | +2.4% |
| 5+ Bedrooms | $475K | $336K | -29.3% |
Summary: Lawrenceville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Lawrenceville | $375K | $450K | +20.0% |
| Stanton Heights | $258.7K | $306.9K | +18.6% |
| Upper Lawrenceville | $289K | $315.5K | +9.2% |
| Garfield | $230K | $249.9K | +8.7% |
| Lawrenceville | $367.4K | $393K | +7.0% |
Housing Supply in Lawrenceville, PA
How many homes are available in Lawrenceville, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 130 | 0.0% |
Summary: The Lawrenceville real estate market had 130 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 39 | 39 | 0.0% |
| 3 Bedrooms | 55 | 55 | 0.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lawrenceville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 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. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Lawrenceville in November 2024, up by 18.8% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 48 Days | +3.5% |
Summary: Homes in Lawrenceville had an average of 48 days on market in Nov 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lawrenceville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Lawrenceville; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
