$3,313 Closing Credit*
$279,000
1,776 SqFt
4 Beds
•2 Full Baths
#73313032, Julie Darcangelo, Listing Office: Coldwell Banker Realty - Chelmsford
Is Lowell, MA 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, MA
How much do homes in Lowell, MA cost?
Median Sold Price
$468,906
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,906(+6.6%)
Key Takeaway
Homes in Lowell have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Lowell was $468,906 in October 2024, up 6.6% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $287.5K | +15.0% |
| 2 Bedrooms | $333K | $350.5K | +5.3% |
| 3 Bedrooms | $445K | $505K | +13.5% |
| 4 Bedrooms | $500.7K | $525K | +4.8% |
| 5+ Bedrooms | $620K | $660K | +6.5% |
Summary: Lowell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Chelmsford | $565.8K | $620K | +9.6% |
| Dracut | $468.5K | $510.5K | +9.0% |
| Lowell | $440K | $468.9K | +6.6% |
| North Chelmsford | $470K | $480K | +2.1% |
| North Billerica | $658K | $651.5K | -1.0% |
Housing Supply in Lowell, MA
How many homes are available in Lowell, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 227 | 236 | +4.0% |
Summary: The Lowell real estate market had 236 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 72 | 70 | -2.8% |
| 3 Bedrooms | 70 | 68 | -2.9% |
| 4 Bedrooms | 32 | 41 | +28.1% |
| 5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Lowell housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 64 | +6.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, you could pay more than the asking price. 70.3% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in Lowell in October 2024, up by 6.7% month-over-month. Of the 64 sold homes, 27% were sold under asking, 3% were sold at asking, and 70% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +25.9% |
Summary: Homes in Lowell had an average of 24 days on market in Oct 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
11 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 October 2024, 64 homes were sold in Lowell; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
