$4,631 Closing Credit*
$390,000
2,096 SqFt
3 Beds
•2 Full Baths
Listing Office: eXp Realty NWA Branch
Is Lowell, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lowell has remained a Seller's Market.
Key Takeaway
Lowell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lowell, AR
How much do homes in Lowell, AR cost?
Median Sold Price
$350,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.1%)
Key Takeaway
Homes in Lowell have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Lowell was $350,000 in October 2024, up 6.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | - | N/A |
| 2 Bedrooms | $205.7K | $224K | +8.9% |
| 3 Bedrooms | $300K | $325K | +8.3% |
| 4 Bedrooms | $433.5K | $396.5K | -8.5% |
| 5+ Bedrooms | $742.5K | $765K | +3.0% |
Summary: Lowell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Rogers | $380K | $415K | +9.2% |
| Lowell | $330K | $350K | +6.1% |
Housing Supply in Lowell, AR
How many homes are available in Lowell, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 62 | +10.7% |
Summary: The Lowell real estate market had 62 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Lowell housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lowell in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 58 Days | +43.1% |
Summary: Homes in Lowell had an average of 58 days on market in Oct 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lowell has remained consistent over time.
Summary: During October 2024, 15 homes were sold in Lowell; 13% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.