$4,691 Closing Credit*
$395,000
1,882 SqFt
4 Beds
•2 Full Baths, 1 Partial
Amanda Rogers, Listing Office: Rogers Neighborhood Realty
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 October 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
$390,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+6.0%)
Key Takeaway
Homes in Lowell Charter Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Lowell Charter Township was $390,000 in October 2024, up 6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $212.5K | +72.8% |
| 2 Bedrooms | $275K | $315K | +14.5% |
| 3 Bedrooms | $296K | $364.9K | +23.3% |
| 4 Bedrooms | $425K | $445.5K | +4.8% |
| 5+ Bedrooms | $503.7K | $600K | +19.1% |
Summary: Lowell Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.8%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $441K | $525K | +19.0% |
| Ada | $587.2K | $650K | +10.7% |
| Boston Township | $305K | $334.9K | +9.8% |
| Lowell | $365K | $389.9K | +6.8% |
| Lowell Charter Township | $368K | $390K | +6.0% |
Housing Supply in Lowell Charter Township, MI
How many homes are available in Lowell Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 68 | +25.9% |
Summary: The Lowell Charter Township real estate market had 68 homes for sale in October 2024, a 25.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 14 | 21 | +50.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Lowell Charter Township 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 11.1%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Lowell Charter Township in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +85.9% |
Summary: Homes in Lowell Charter Township had an average of 34 days on market in Oct 2024, up by 85.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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 October 2024, 13 homes were sold in Lowell Charter Township; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
