$5,343 Closing Credit*
$449,900
3 Beds
•1 Full Bath, 1 Partial
Sarah Madia, Listing Office: Re/Max Select Realty
Is Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lawrenceville has remained a Buyer's Market.
Key Takeaway
Lawrenceville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lawrenceville, PA
How much do homes in Lawrenceville, PA cost?
Median Sold Price
$393,500
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,250(+8.9%)
Key Takeaway
Homes in Lawrenceville have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Lawrenceville was $393,500 in October 2024, up 8.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $285K | +7.1% |
| 2 Bedrooms | $305K | $294.3K | -3.5% |
| 3 Bedrooms | $403.5K | $490K | +21.4% |
| 4 Bedrooms | $530.2K | $580K | +9.4% |
| 5+ Bedrooms | $381.2K | - | N/A |
Summary: Lawrenceville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Stanton Heights | $256K | $320K | +25.0% |
| Central Lawrenceville | $370K | $450K | +21.6% |
| Lawrenceville | $361.2K | $393.5K | +8.9% |
Housing Supply in Lawrenceville, PA
How many homes are available in Lawrenceville, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 136 | +7.9% |
Summary: The Lawrenceville real estate market had 136 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 51 | 60 | +17.6% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lawrenceville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lawrenceville, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lawrenceville in October 2024, up by 25.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 34 Days | -4.3% |
Summary: Homes in Lawrenceville had an average of 34 days on market in Oct 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lawrenceville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Lawrenceville; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
