This property is a slightly larger model than 37 Gerrad Street and features a few more architectural details like trey ceilings and a covered back porch. The price per square foot is nearly identical, meaning you are essentially paying a fair premium for the extra space and the finished outdoor area. It shows that the pricing for 37 Gerrad Street is right in line with what larger, more feature-rich homes are fetching.

The home on Gerrad Street offers a different layout with a first-floor primary suite and an additional bedroom, which explains the higher overall sales price. When we look at the cost per square foot, it is very similar to 37 Gerrad Street, confirming that the market is stable for this size of new construction. Choosing between these two really comes down to whether you prefer a lower monthly payment or the convenience of a main-level bedroom and more total space.

This sold listing is the exact same floorplan as 37 Gerrad Street but sold for a significantly higher price per square foot. While this home included nice upgrades like a gas range and a covered porch, the price gap of over $30,000 makes the home for sale look like a fantastic deal. You’re getting essentially the same new construction quality for much less.