Is Lowell, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lowell has remained a Seller's Market.
Housing Prices in Lowell, AR
How much do homes in Lowell, AR cost?
Median Sold Price
$344,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lowell was $344,000 in May 2024, up 9.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.9K | $330K | +175.2% |
2 Bedrooms | $205.7K | $166.5K | -19.1% |
3 Bedrooms | $293.5K | $306.3K | +4.3% |
4 Bedrooms | $393.5K | $388.5K | -1.3% |
5+ Bedrooms | $595K | $765K | +28.6% |
Summary: Lowell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 175.2%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
Lowell | $315K | $344K | +9.2% |
Rogers | $396.6K | $374.4K | -5.6% |
Bethel Heights | $367.2K | $337.1K | -8.2% |
Housing Supply in Lowell, AR
How many homes are available in Lowell, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 37 | -11.9% |
Summary: The Lowell real estate market had 37 homes for sale in May 2024, a 11.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 12 | 8 | -33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lowell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 13 | -23.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lowell in May 2024, down by 23.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for Lowell, AR
How long does it take to sell a home in Lowell, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 58 Days | +12.4% |
Summary: Homes in Lowell had an average of 58 days on market in May 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Lowell; 23% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.