Why Live in Centralville
Centralville, a neighborhood in Lowell, Massachusetts, is situated along a bend in the Merrimack River, offering a blend of urban and suburban living just over a mile from Downtown Lowell. Known for its community-oriented atmosphere, Centralville features a mix of historic and newer homes, including colonial styles such as traditional colonials, Dutch Colonials, and New Englanders, as well as a few Victorians. The area is characterized by its affordability and proximity to amenities, making it a popular choice for long-term residents. Centralville is highly walkable, with a variety of eclectic shops and restaurants, including local favorites like Top Donut, Cameo Diner, and Crown Fried Chicken. For groceries, residents frequent El Bombazo Meat Market or nearby Market Basket and Hannaford. The neighborhood is also close to UMass Lowell and offers convenient commuting options to Boston, 34 miles away, and New Hampshire, just 3 miles to the north. Centralville's parks, such as Hovey Park and McPherson Park, provide ample recreational opportunities, including playgrounds, athletic fields, and a public swimming pool. The Lowell Folk Festival, held annually in nearby Downtown Lowell, is a significant local event. While the local schools have mixed ratings, the neighborhood's vibrant community and historic charm continue to attract attention. Centralville is safer than the national average, adding to its appeal for potential homebuyers.
Home Trends in Centralville, MA
On average, homes in Centralville, Lowell sell after 54 days on the market compared to the national average of 70 days. The median sale price for homes in Centralville, Lowell over the last 12 months is $370,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$370,000
Median Single Family Sale Price
$370,000
Median Townhouse Sale Price
$360,000
Median 2 Bedroom Sale Price
$220,000
Median 1 Bedroom Sale Price
$1,595,000
Average Price Per Sq Ft
$330
Number of Homes for Sale
7
Last 12 months Home Sales
85
Median List Price
$482,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
3%