$3,206 Closing Credit*
$269,999
894 SqFt
2 Beds
•1 Full Bath
Charlotte Marrocco-Mohler, Listing Office: BHHS Verani Nashua
Is Lowell, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MA
How much do homes in Lowell, MA cost?
Median Sold Price
$471,400
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,400(+7.1%)
Key Takeaway
Homes in Lowell have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Lowell was $471,400 in November 2024, up 7.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268K | $285K | +6.3% |
| 2 Bedrooms | $335K | $350K | +4.5% |
| 3 Bedrooms | $450K | $509.5K | +13.2% |
| 4 Bedrooms | $500.7K | $531.5K | +6.1% |
| 5+ Bedrooms | $617.5K | $662.5K | +7.3% |
Summary: Lowell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Chelmsford | $569K | $639.4K | +12.4% |
| Dracut | $470K | $521.6K | +11.0% |
| Lowell | $440K | $471.4K | +7.1% |
| North Chelmsford | $475K | $487.5K | +2.6% |
| North Billerica | $653.5K | $662.5K | +1.4% |
Housing Supply in Lowell, MA
How many homes are available in Lowell, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 245 | 208 | -15.1% |
Summary: The Lowell real estate market had 208 homes for sale in November 2024, a 15.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 69 | 64 | -7.2% |
| 3 Bedrooms | 72 | 59 | -18.1% |
| 4 Bedrooms | 44 | 33 | -25.0% |
| 5+ Bedrooms | 49 | 43 | -12.2% |
Summary: The Lowell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 12.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 72 | +4.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Lowell in November 2024, up by 4.3% month-over-month. Of the 72 sold homes, 31% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Lowell, MA
How long does it take to sell a home in Lowell, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +29.3% |
Summary: Homes in Lowell had an average of 32 days on market in Nov 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lowell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 72 homes were sold in Lowell; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.