$10,000 Closing Credit*
$900,000
3,052 SqFt
6 Beds
•4 Full Baths
Kaedi Knepshield, Listing Office: Piatt Sotheby'S International Realty
Is Central Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Central Lawrenceville has remained a Seller's Market.
Key Takeaway
Central Lawrenceville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Lawrenceville, PA
How much do homes in Central Lawrenceville, PA cost?
Median Sold Price
$450,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+20.0%)
Key Takeaway
Homes in Central Lawrenceville have sold for 20% more than they did a year ago.
Summary: The median home sold price in Central Lawrenceville was $450,000 in November 2024, up 20% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248.5K | $235.5K | -5.2% |
| 2 Bedrooms | $297.8K | $294.5K | -1.1% |
| 3 Bedrooms | $533.7K | $552K | +3.4% |
| 4 Bedrooms | $561.5K | $615.2K | +9.6% |
| 5+ Bedrooms | $475K | $336K | -29.3% |
Summary: Central Lawrenceville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 9.6%, 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 Central Lawrenceville, PA
How many homes are available in Central Lawrenceville, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 44 | -4.3% |
Summary: The Central Lawrenceville real estate market had 44 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central 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 decreased by 5.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central Lawrenceville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Central Lawrenceville in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Central Lawrenceville, PA
How long does it take to sell a home in Central Lawrenceville, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 38 Days | -17.2% |
Summary: Homes in Central Lawrenceville had an average of 38 days on market in Nov 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Lawrenceville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Central Lawrenceville; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
