$5,759 Closing Credit*
$485,000
2,704 SqFt
5 Beds
•3 Full Baths, 1 Partial
Brandon J Faber, Listing Office: JH Realty Partners
Is Lowell Charter Township, MI 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 Charter Township has remained a Seller's Market.
Key Takeaway
Lowell Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lowell Charter Township, MI
How much do homes in Lowell Charter Township, MI cost?
Median Sold Price
$400,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+8.7%)
Key Takeaway
Homes in Lowell Charter Township have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Lowell Charter Township was $400,000 in November 2024, up 8.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $212.5K | +72.8% |
| 2 Bedrooms | $349.9K | $298.5K | -14.7% |
| 3 Bedrooms | $295.5K | $370.5K | +25.4% |
| 4 Bedrooms | $444.9K | $475K | +6.8% |
| 5+ Bedrooms | $488.4K | $590K | +20.8% |
Summary: Lowell Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.8%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $447.5K | $542.5K | +21.2% |
| Ada | $576.7K | $675K | +17.0% |
| Lowell Charter Township | $368K | $400K | +8.7% |
| Lowell | $368K | $399.9K | +8.7% |
| Boston Township | $312.5K | $325.5K | +4.2% |
Housing Supply in Lowell Charter Township, MI
How many homes are available in Lowell Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 69 | -4.2% |
Summary: The Lowell Charter Township real estate market had 69 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Lowell Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell Charter Township, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Lowell Charter Township in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for Lowell Charter Township, MI
How long does it take to sell a home in Lowell Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 26 Days | -22.4% |
Summary: Homes in Lowell Charter Township had an average of 26 days on market in Nov 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lowell Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Lowell Charter Township; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.