Living in Lawrence, NJ
Lawrence, NJ is a serene suburban community known for its beautiful parks, quality schools, and family-friendly atmosphere. With excellent connectivity to major highways and public transportation, it offers a balance of convenience and tranquility. Residents enjoy a range of recreational activities and local amenities, making it an attractive place to live.
Current Market Conditions in Lawrence, NJ
The real estate market in Lawrence, NJ has shown resilience, with a steady demand for homes due to its desirable location and amenities. The area's housing market offers a mix of single-family homes, townhouses, and apartments, appealing to diverse buyers ranging from young professionals to families.
Current trends indicate a modest increase in home prices over the past year, as more buyers flock to suburban areas seeking more space and a quieter lifestyle. However, inventory remains limited, leading to competitive bidding in desirable neighborhoods.
Home Value Estimator For Lawrence, NJ
There are currently 21 real estate properties
in Lawrence, NJ,
with a median automated valuation model (AVM) price
of $377,730.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lawrence, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lawrence, NJ,
is $369,126.00, with the most expensive house
in Lawrence, NJ, topping out
at $479,711.00 and the cheapest home
in Lawrence, NJ,
clocking in at $188,376.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lawrence, NJ!
Rent Prices
In Lawrence, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lawrence, NJ, is on
a rollercoaster ride. The
average rent price in Lawrence, NJ,
is $2,113.00. Indeed, when looking to rent in
Lawrence, NJ, you can expect to pay as little
as $1,600.00 or as much
as $2,350.00,
with the average rent median estimated to
be $2,210.00. The good news is that finding
an affordable and desirable property to rent in Lawrence, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
