$3,266 Closing Credit*
$275,000
1,664 SqFt
3 Beds
•2 Full Baths
Joe Yost, Listing Office: Compass Pennsylvania, Llc
Is Central Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Central Lawrenceville was a Neutral Market.
Key Takeaway
Central Lawrenceville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Lawrenceville, PA
How much do homes in Central Lawrenceville, PA cost?
Median Sold Price
$450,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,000(+21.6%)
Key Takeaway
Homes in Central Lawrenceville have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Central Lawrenceville was $450,000 in October 2024, up 21.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248.5K | $235.5K | -5.2% |
| 2 Bedrooms | $320K | $299.5K | -6.4% |
| 3 Bedrooms | $420.7K | $585K | +39.0% |
| 4 Bedrooms | $561.5K | $615.5K | +9.6% |
| 5+ Bedrooms | $475K | - | N/A |
Summary: Central Lawrenceville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 9.6%, 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 Central Lawrenceville, PA
How many homes are available in Central Lawrenceville, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Summary: The Central Lawrenceville real estate market had 46 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Central Lawrenceville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Lawrenceville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Central Lawrenceville in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +50.0% |
Summary: Homes in Central Lawrenceville had an average of 33 days on market in Oct 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 6 homes were sold in Central Lawrenceville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
