Is Central Lawrenceville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Central Lawrenceville was a Seller's 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
$460,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Central Lawrenceville have sold for 28.8% more than they did a year ago.
Summary: The median home sold price in Central Lawrenceville was $460,000 in May 2024, up 28.8% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $274.5K | +23.4% |
| 2 Bedrooms | $270.5K | $305K | +12.8% |
| 3 Bedrooms | $437.6K | $585K | +33.7% |
| 4 Bedrooms | $525K | $690K | +31.4% |
| 5+ Bedrooms | $413K | - | N/A |
Summary: Central Lawrenceville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 33.7%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central Lawrenceville | $357K | $460K | +28.8% |
| Stanton Heights | $237.5K | $269.1K | +13.3% |
| Lawrenceville | $359.5K | $389.9K | +8.4% |
| Garfield | $215.5K | $230K | +6.7% |
| Upper Lawrenceville | $330K | $300K | -9.1% |
Housing Supply in Central Lawrenceville, PA
How many homes are available in Central Lawrenceville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 39 | -11.4% |
Summary: The Central Lawrenceville real estate market had 39 homes for sale in May 2024, a 11.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 21 | 15 | -28.6% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central Lawrenceville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Lawrenceville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Central Lawrenceville in May 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 10 Days | -82.6% |
Summary: Homes in Central Lawrenceville had an average of 10 days on market in May 2024, down by 82.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was 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 May 2024, 5 homes were sold in Central Lawrenceville; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
