Is Central Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Lawrenceville has remained a Seller's Market.
Housing Prices in Central Lawrenceville, PA
How much do homes in Central Lawrenceville, PA cost?
Median Sold Price
$410,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Lawrenceville was $410,000 in April 2024, up 17.1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $521.2K | $274.5K | -47.3% |
2 Bedrooms | $268.7K | $322.4K | +20.0% |
3 Bedrooms | $437.6K | $580K | +32.5% |
4 Bedrooms | $550K | $655K | +19.1% |
5+ Bedrooms | $413K | - | N/A |
Summary: Central Lawrenceville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central Lawrenceville | $350K | $410K | +17.1% |
Lawrenceville | $352.5K | $390K | +10.6% |
Stanton Heights | $238K | $260.5K | +9.5% |
Garfield | $215.5K | $230K | +6.7% |
Upper Lawrenceville | $337.5K | $317.2K | -6.0% |
Housing Supply in Central Lawrenceville, PA
How many homes are available in Central Lawrenceville, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Central Lawrenceville real estate market had 48 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 27 | 23 | -14.8% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central Lawrenceville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Central Lawrenceville in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 79 Days | +192.3% |
Summary: Homes in Central Lawrenceville had an average of 79 days on market in Apr 2024, up by 192.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Central Lawrenceville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.