Is Lowell, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lowell is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, IN

How much do homes in Lowell, IN cost?

Median Sold Price

$255,000

$180/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$37,000(-12.7%)

Key Takeaway

Homes in Lowell have sold for 12.7% less than they did a month ago.

Summary: The median home sold price in Lowell was $255,000 in October 2024, down 12.7% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $240K-
N/A
3 -$255K
N/A
4 $292K-
N/A
5+ --
N/A

Summary: Lowell housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lowell, IN

How many homes are available in Lowell, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
52-60.0%

Summary: The Lowell real estate market had 2 homes for sale in October 2024, a 60.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 20
-100.0%
5+ 00
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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lowell, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lowell in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lowell, IN

How long does it take to sell a home in Lowell, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days6 Days0.0%

Summary: Homes in Lowell had an average of 6 days on market in Oct 2024, the same as last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lowell are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Lowell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Lowell, IN

Nearby Markets to Lowell, IN